Equities research analysts predict that EQM Midstream Partners LP (NYSE:EQM) will announce $411.04 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for EQM Midstream Partners’ earnings. The highest sales estimate is $449.70 million and the lowest is $382.09 million. EQM Midstream Partners reported sales of $269.76 million during the same quarter last year, which would suggest a positive year over year growth rate of 52.4%. The firm is scheduled to report its next earnings results on Thursday, July 25th.

On average, analysts expect that EQM Midstream Partners will report full year sales of $1.71 billion for the current fiscal year, with estimates ranging from $1.67 billion to $1.79 billion. For the next year, analysts anticipate that the firm will post sales of $1.94 billion, with estimates ranging from $1.81 billion to $2.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow EQM Midstream Partners.

EQM Midstream Partners (NYSE:EQM) last posted its earnings results on Tuesday, April 30th. The pipeline company reported $1.56 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.42. The business had revenue of $389.78 million for the quarter, compared to analysts’ expectations of $395.08 million. EQM Midstream Partners had a net margin of 37.39% and a return on equity of 18.34%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 earnings per share.

A number of analysts recently issued reports on EQM shares. Mitsubishi UFJ Financial Group lowered shares of EQM Midstream Partners from an “overweight” rating to a “neutral” rating in a research note on Thursday, February 14th. Barclays dropped their price target on shares of EQM Midstream Partners from $48.00 to $44.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 6th. Zacks Investment Research upgraded shares of EQM Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $53.00 price target for the company in a research note on Friday, April 12th. Finally, Citigroup set a $52.00 price target on shares of EQM Midstream Partners and gave the stock a “buy” rating in a research note on Monday, April 22nd. Eleven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $54.86.

Hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI bought a new stake in EQM Midstream Partners during the first quarter valued at $46,000. Optimum Investment Advisors bought a new stake in EQM Midstream Partners during the first quarter valued at $46,000. Cresset Asset Management LLC increased its stake in EQM Midstream Partners by 60.0% during the first quarter. Cresset Asset Management LLC now owns 2,049 shares of the pipeline company’s stock valued at $95,000 after purchasing an additional 768 shares during the last quarter. Northern Oak Wealth Management Inc. increased its stake in EQM Midstream Partners by 76.9% during the fourth quarter. Northern Oak Wealth Management Inc. now owns 2,300 shares of the pipeline company’s stock valued at $99,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in EQM Midstream Partners by 297.8% during the fourth quarter. Advisor Group Inc. now owns 3,103 shares of the pipeline company’s stock valued at $135,000 after purchasing an additional 2,323 shares during the last quarter. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Shares of NYSE:EQM traded down $0.32 during midday trading on Friday, reaching $44.51. The company had a trading volume of 7,216 shares, compared to its average volume of 639,916. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 0.94. The firm has a market cap of $9.18 billion, a PE ratio of 8.77 and a beta of 1.04. EQM Midstream Partners has a one year low of $38.24 and a one year high of $59.62.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 14th. Shareholders of record on Friday, May 3rd were paid a dividend of $1.145 per share. This is a positive change from EQM Midstream Partners’s previous quarterly dividend of $1.13. The ex-dividend date was Thursday, May 2nd. This represents a $4.58 annualized dividend and a yield of 10.29%. EQM Midstream Partners’s payout ratio is presently 90.34%.

About EQM Midstream Partners

EQM Midstream Partners, LP owns, operates, acquires, and develops midstream assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. As of December 31, 2018, the company owned approximately 700 miles of high-pressure gathering lines and 1,500 miles of Federal Energy Regulatory Commission (FERC) regulated low-pressure gathering lines; approximately 950 miles of FERC regulated interstate pipelines; and approximately 160 miles of pipelines.

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Earnings History and Estimates for EQM Midstream Partners (NYSE:EQM)

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