Brokerages Anticipate EQT Midstream Partners LP (EQM) Will Post Quarterly Sales of $232.49 Million

Analysts forecast that EQT Midstream Partners LP (NYSE:EQM) will announce $232.49 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for EQT Midstream Partners’ earnings, with the lowest sales estimate coming in at $227.51 million and the highest estimate coming in at $237.95 million. EQT Midstream Partners reported sales of $195.01 million during the same quarter last year, which would suggest a positive year over year growth rate of 19.2%. The firm is expected to issue its next quarterly earnings results before the market opens on Thursday, February 15th.

According to Zacks, analysts expect that EQT Midstream Partners will report full year sales of $232.49 million for the current fiscal year, with estimates ranging from $836.00 million to $847.54 million. For the next fiscal year, analysts forecast that the firm will report sales of $1.04 billion per share, with estimates ranging from $914.00 million to $1.21 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover EQT Midstream Partners.

EQT Midstream Partners (NYSE:EQM) last posted its quarterly earnings data on Thursday, October 26th. The pipeline company reported $1.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.02. EQT Midstream Partners had a return on equity of 25.85% and a net margin of 65.99%. The company had revenue of $207.20 million during the quarter, compared to analyst estimates of $205.29 million. During the same quarter last year, the company earned $1.23 EPS. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis.

EQM has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on EQT Midstream Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, November 17th. Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of EQT Midstream Partners in a research report on Thursday, October 26th. Bank of America began coverage on EQT Midstream Partners in a research report on Tuesday, January 9th. They set a “buy” rating and a $89.00 price objective for the company. Royal Bank of Canada reissued a “buy” rating and issued a $96.00 target price on shares of EQT Midstream Partners in a report on Tuesday, October 10th. Finally, Seaport Global Securities began coverage on EQT Midstream Partners in a report on Tuesday, October 10th. They issued a “buy” rating and a $96.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $89.50.

EQT Midstream Partners (NYSE EQM) opened at $76.34 on Friday. EQT Midstream Partners has a 52-week low of $64.42 and a 52-week high of $82.99. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.90 and a current ratio of 0.90. The firm has a market capitalization of $6,228.97, a P/E ratio of 14.62, a P/E/G ratio of 1.08 and a beta of 0.89.

Institutional investors have recently bought and sold shares of the business. Saratoga Research & Investment Management bought a new stake in shares of EQT Midstream Partners in the 3rd quarter worth $186,000. A. D. Beadell Investment Counsel Inc. bought a new stake in shares of EQT Midstream Partners in the 3rd quarter worth $203,000. CIBC Asset Management Inc purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $204,000. Dearborn Partners LLC purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $205,000. Finally, Keybank National Association OH purchased a new position in shares of EQT Midstream Partners in the 3rd quarter worth $259,000. 73.78% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Ticker Report and is the property of of Ticker Report. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3145355/brokerages-anticipate-eqt-midstream-partners-lp-eqm-will-post-quarterly-sales-of-232-49-million.html.

About EQT Midstream Partners

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

Get a free copy of the Zacks research report on EQT Midstream Partners (EQM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for EQT Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.