Brokerages forecast that Antero Midstream Co. (NYSE:AM – Get Rating) will post sales of $222.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Antero Midstream’s earnings, with the lowest sales estimate coming in at $217.00 million and the highest estimate coming in at $228.90 million. Antero Midstream reported sales of $224.12 million in the same quarter last year, which would suggest a negative year over year growth rate of 0.5%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Antero Midstream will report full year sales of $881.57 million for the current financial year, with estimates ranging from $861.40 million to $901.74 million. For the next financial year, analysts anticipate that the business will post sales of $929.89 million, with estimates ranging from $906.11 million to $953.67 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Antero Midstream.
Antero Midstream (NYSE:AM – Get Rating) last issued its earnings results on Wednesday, February 16th. The pipeline company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Antero Midstream had a return on equity of 17.55% and a net margin of 36.92%. The company had revenue of $216.49 million for the quarter, compared to analysts’ expectations of $204.00 million. During the same period last year, the business earned $0.21 EPS. Antero Midstream’s quarterly revenue was up 6.2% compared to the same quarter last year.
Institutional investors have recently made changes to their positions in the company. Sugarloaf Wealth Management LLC increased its position in shares of Antero Midstream by 235.7% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 3,844 shares of the pipeline company’s stock valued at $37,000 after purchasing an additional 2,699 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Antero Midstream during the 3rd quarter valued at $70,000. Geneos Wealth Management Inc. increased its position in shares of Antero Midstream by 34.2% during the 4th quarter. Geneos Wealth Management Inc. now owns 8,237 shares of the pipeline company’s stock valued at $79,000 after purchasing an additional 2,100 shares during the last quarter. AE Wealth Management LLC purchased a new stake in shares of Antero Midstream during the 4th quarter valued at $99,000. Finally, Shepherd Kaplan Krochuk LLC purchased a new stake in shares of Antero Midstream during the 4th quarter valued at $100,000. 54.03% of the stock is owned by hedge funds and other institutional investors.
Shares of AM traded down $0.02 during trading hours on Monday, reaching $11.26. The stock had a trading volume of 2,077,655 shares, compared to its average volume of 3,723,986. Antero Midstream has a 12 month low of $8.42 and a 12 month high of $11.71. The firm has a 50-day simple moving average of $10.37 and a 200 day simple moving average of $10.31. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.37. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 16.32 and a beta of 2.88.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 11th. Investors of record on Wednesday, April 27th will be given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Tuesday, April 26th. Antero Midstream’s payout ratio is currently 130.44%.
Antero Midstream Company Profile (Get Rating)
Antero Midstream Corp. owns, operates, and develops midstream energy assets to service Antero Resources production and completion activity. It operates through the following segments: Gathering and Processing and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collect and process production from Antero Resources wells in West Virginia and Ohio.
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