DT Midstream (NYSE:DTM) Updates FY 2022 Earnings Guidance

DT Midstream (NYSE:DTMGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.30-$3.46 for the period, compared to the consensus earnings per share estimate of $3.60. The company issued revenue guidance of -.

NYSE DTM opened at $54.09 on Monday. DT Midstream has a one year low of $38.21 and a one year high of $59.36. The company has a 50-day simple moving average of $54.90 and a 200-day simple moving average of $51.31. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.35 and a current ratio of 2.35. The firm has a market capitalization of $5.23 billion and a PE ratio of 16.90.

DT Midstream (NYSE:DTMGet Rating) last posted its quarterly earnings results on Friday, February 25th. The company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.81 by $0.08. DT Midstream had a net margin of 36.13% and a return on equity of 8.28%. The business had revenue of $223.00 million during the quarter, compared to analyst estimates of $202.34 million. Equities analysts forecast that DT Midstream will post 3.38 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Monday, June 20th will be issued a $0.64 dividend. This represents a $2.56 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, June 16th. DT Midstream’s dividend payout ratio (DPR) is presently 80.00%.

DTM has been the subject of a number of analyst reports. Zacks Investment Research raised shares of DT Midstream from a hold rating to a buy rating and set a $61.00 target price for the company in a research note on Friday, April 1st. Morgan Stanley upped their price target on shares of DT Midstream from $54.00 to $60.00 and gave the stock an underweight rating in a research note on Tuesday, April 26th. Wells Fargo & Company upped their price target on shares of DT Midstream from $57.00 to $58.00 and gave the stock an overweight rating in a research note on Monday, February 28th. Credit Suisse Group lowered shares of DT Midstream from an outperform rating to a neutral rating and upped their price target for the stock from $55.00 to $58.00 in a research note on Tuesday, March 8th. Finally, Mizuho upped their price target on shares of DT Midstream from $55.00 to $57.00 in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $57.38.

Institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley bought a new stake in DT Midstream in the second quarter worth approximately $50,000. Center for Financial Planning Inc. bought a new stake in shares of DT Midstream during the 3rd quarter worth $86,000. Renaissance Technologies LLC bought a new stake in shares of DT Midstream during the 4th quarter worth $1,262,000. Sequoia Financial Advisors LLC bought a new stake in shares of DT Midstream during the 4th quarter worth $325,000. Finally, LPL Financial LLC boosted its holdings in shares of DT Midstream by 5.3% during the 4th quarter. LPL Financial LLC now owns 33,512 shares of the company’s stock worth $1,608,000 after buying an additional 1,698 shares during the period. Hedge funds and other institutional investors own 76.66% of the company’s stock.

DT Midstream Company Profile (Get Rating)

DT Midstream, Inc provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. It develops, owns, and operates an integrated portfolio of interstate pipelines, intrastate pipelines, storage systems, lateral pipelines, gathering systems, related treatment plants, and compression and surface facilities.

Further Reading

Earnings History and Estimates for DT Midstream (NYSE:DTM)

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