Antero Midstream Co. (NYSE:AM) Expected to Announce Quarterly Sales of $229.98 Million

Analysts expect that Antero Midstream Co. (NYSE:AMGet Rating) will post sales of $229.98 million for the current quarter, Zacks reports. Two analysts have made estimates for Antero Midstream’s earnings, with the highest sales estimate coming in at $242.05 million and the lowest estimate coming in at $217.91 million. Antero Midstream posted sales of $232.79 million during the same quarter last year, which suggests a negative year over year growth rate of 1.2%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Antero Midstream will report full-year sales of $906.16 million for the current financial year, with estimates ranging from $883.90 million to $928.42 million. For the next fiscal year, analysts anticipate that the firm will report sales of $964.46 million, with estimates ranging from $926.63 million to $1.00 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Antero Midstream.

Antero Midstream (NYSE:AMGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The pipeline company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). The company had revenue of $218.49 million for the quarter, compared to the consensus estimate of $216.32 million. Antero Midstream had a return on equity of 17.41% and a net margin of 36.77%. During the same period in the prior year, the business earned $0.21 earnings per share.

Several analysts have recently commented on the company. Barclays cut Antero Midstream from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $11.00 to $10.00 in a research report on Wednesday, March 2nd. StockNews.com assumed coverage on Antero Midstream in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup raised their target price on Antero Midstream from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 25th. Finally, Wells Fargo & Company raised Antero Midstream from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Thursday, April 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Antero Midstream has a consensus rating of “Hold” and a consensus target price of $10.60.

AM opened at $10.22 on Friday. The firm has a market cap of $4.89 billion, a PE ratio of 14.81 and a beta of 2.70. The business has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $10.22. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.39. Antero Midstream has a fifty-two week low of $8.42 and a fifty-two week high of $11.71.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 11th. Investors of record on Wednesday, April 27th were given a dividend of $0.225 per share. The ex-dividend date was Tuesday, April 26th. This represents a $0.90 dividend on an annualized basis and a yield of 8.81%. Antero Midstream’s payout ratio is 130.44%.

In other Antero Midstream news, Director W Howard Keenan, Jr. sold 303,254 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $10.32, for a total transaction of $3,129,581.28. Following the transaction, the director now directly owns 517,138 shares in the company, valued at $5,336,864.16. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Howard Keenan, Jr. sold 68,502 shares of the firm’s stock in a transaction dated Friday, May 20th. The shares were sold at an average price of $10.19, for a total value of $698,035.38. Following the transaction, the director now owns 311,778 shares in the company, valued at $3,177,017.82. The disclosure for this sale can be found here. 3.29% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC bought a new position in Antero Midstream during the first quarter valued at about $664,000. Donoghue Forlines LLC raised its holdings in Antero Midstream by 203.5% during the first quarter. Donoghue Forlines LLC now owns 181,676 shares of the pipeline company’s stock valued at $1,975,000 after buying an additional 121,813 shares in the last quarter. First Republic Investment Management Inc. bought a new position in shares of Antero Midstream in the first quarter worth about $181,000. Forum Financial Management LP increased its stake in shares of Antero Midstream by 13.9% in the first quarter. Forum Financial Management LP now owns 16,497 shares of the pipeline company’s stock worth $179,000 after purchasing an additional 2,017 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of Antero Midstream by 21.4% in the first quarter. Geneos Wealth Management Inc. now owns 10,001 shares of the pipeline company’s stock worth $108,000 after purchasing an additional 1,764 shares during the period. Institutional investors own 53.92% of the company’s stock.

About Antero Midstream (Get Rating)

Antero Midstream Corporation owns, operates, and develops midstream energy infrastructure. It operates through Gathering and Processing, and Water Handling segments. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.

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Earnings History and Estimates for Antero Midstream (NYSE:AM)

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