American Midstream (AMID) to Release Quarterly Earnings on Tuesday

American Midstream (NYSE:AMID) is set to announce its earnings results before the market opens on Tuesday, May 8th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

American Midstream (NYSE:AMID) last posted its earnings results on Monday, March 12th. The pipeline company reported ($2.58) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($2.75). American Midstream had a negative return on equity of 42.80% and a negative net margin of 18.07%. The firm had revenue of $167.58 million for the quarter.

AMID stock opened at $9.95 on Monday. American Midstream has a fifty-two week low of $9.55 and a fifty-two week high of $15.25. The company has a debt-to-equity ratio of 6.29, a current ratio of 1.12 and a quick ratio of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 15th. Shareholders of record on Monday, May 7th will be issued a dividend of $0.4125 per share. This is an increase from American Midstream’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, May 4th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 16.58%.

A number of research analysts have weighed in on AMID shares. ValuEngine downgraded American Midstream from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. UBS reissued a “buy” rating and issued a $16.00 price target (down from $17.00) on shares of American Midstream in a research report on Wednesday, March 14th. Finally, TheStreet cut American Midstream from a “c-” rating to a “d+” rating in a research report on Thursday, March 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. American Midstream currently has a consensus rating of “Hold” and a consensus target price of $14.00.

American Midstream Company Profile

American Midstream Partners, LP provides midstream infrastructure that links the producers of natural gas, crude oil, natural gas liquids (NGLs), condensate, and specialty chemicals to various intermediate and end-use markets in the United States. The company's Gathering and Processing segment includes midstream natural gas systems that provide natural gas, NGLs, and condensate gathering, compression, treating, processing, fractionating, transporting, and selling services to the producers of natural gas and crude oil.

Earnings History for American Midstream (NYSE:AMID)

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