DT Midstream (DTM) Scheduled to Post Earnings on Tuesday

DT Midstream (NYSE:DTM) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

DT Midstream (NYSE:DTM) last released its quarterly earnings results on Friday, February 16th. The company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.32. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $235.19 million. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. During the same quarter in the prior year, the firm earned $0.93 EPS. On average, analysts expect DT Midstream to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DT Midstream Stock Performance

NYSE:DTM opened at $64.04 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $60.05 and its 200-day moving average price is $56.57. The company has a market cap of $6.22 billion, a P/E ratio of 16.21 and a beta of 0.73. DT Midstream has a twelve month low of $45.10 and a twelve month high of $64.69.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a dividend of $0.735 per share. The ex-dividend date was Friday, March 15th. This is an increase from DT Midstream’s previous quarterly dividend of $0.69. This represents a $2.94 dividend on an annualized basis and a yield of 4.59%. DT Midstream’s payout ratio is 74.43%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wolfe Research raised shares of DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Mizuho reaffirmed a “neutral” rating and set a $57.00 price objective (down previously from $58.00) on shares of DT Midstream in a research report on Friday, January 5th. Finally, Barclays boosted their target price on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DT Midstream has an average rating of “Hold” and an average target price of $58.50.

Insider Transactions at DT Midstream

In related news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $56.87 per share, with a total value of $56,870.00. Following the completion of the acquisition, the director now owns 37,289 shares in the company, valued at $2,120,625.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

DT Midstream Company Profile

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.