Equitrans Midstream (ETRN) Set to Announce Quarterly Earnings on Tuesday

Equitrans Midstream (NYSE:ETRN) will release its earnings data before the market opens on Tuesday, April 30th. Analysts expect Equitrans Midstream to post earnings of $0.21 per share for the quarter.

Equitrans Midstream (NYSE:ETRN) last announced its earnings results on Tuesday, February 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. The business had revenue of $360.60 million during the quarter, compared to analysts’ expectations of $348.04 million. Equitrans Midstream had a net margin of 30.89% and a return on equity of 30.41%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. On average, analysts expect Equitrans Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Equitrans Midstream Trading Up 0.1 %

NYSE:ETRN opened at $13.74 on Friday. Equitrans Midstream has a 12-month low of $4.65 and a 12-month high of $13.80. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 4.83. The stock’s 50 day simple moving average is $11.77 and its 200-day simple moving average is $10.48. The firm has a market cap of $5.99 billion, a P/E ratio of 15.44, a PEG ratio of 1.83 and a beta of 1.97.

Equitrans Midstream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th will be given a $0.15 dividend. The ex-dividend date is Monday, May 6th. This represents a $0.60 dividend on an annualized basis and a yield of 4.37%. Equitrans Midstream’s dividend payout ratio (DPR) is 67.42%.

Analyst Ratings Changes

Several analysts have recently commented on ETRN shares. Barclays raised their target price on shares of Equitrans Midstream from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and set a $13.00 price target on shares of Equitrans Midstream in a research report on Thursday, March 7th. Finally, Morgan Stanley lowered their price target on shares of Equitrans Midstream from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.86.

About Equitrans Midstream

Equitrans Midstream Corporation owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company operates through Gathering, Transmission, and Water segments. It operates dry gas gathering systems of high-pressure gathering lines and FERC-regulated interstate pipelines and storage systems.