Equities analysts predict that EQM Midstream Partners LP (NYSE:EQM) will announce $375.44 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for EQM Midstream Partners’ earnings. The highest sales estimate is $380.20 million and the lowest is $367.82 million. EQM Midstream Partners reported sales of $224.51 million in the same quarter last year, which indicates a positive year-over-year growth rate of 67.2%. The company is expected to report its next earnings results on Thursday, February 21st.

On average, analysts expect that EQM Midstream Partners will report full-year sales of $1.21 billion for the current financial year, with estimates ranging from $1.04 billion to $1.27 billion. For the next financial year, analysts anticipate that the company will report sales of $1.55 billion, with estimates ranging from $1.12 billion to $1.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for EQM Midstream Partners.

EQM Midstream Partners (NYSE:EQM) last released its quarterly earnings results on Thursday, October 25th. The pipeline company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by ($0.07). EQM Midstream Partners had a net margin of 60.71% and a return on equity of 22.30%. The firm had revenue of $364.58 million during the quarter, compared to the consensus estimate of $356.99 million.

A number of equities analysts have recently commented on the stock. Wolfe Research raised shares of EQM Midstream Partners from a “peer perform” rating to an “outperform” rating and set a $66.00 price target on the stock in a research report on Tuesday. Morgan Stanley dropped their price target on shares of EQM Midstream Partners from $55.00 to $54.00 and set a “buy” rating on the stock in a research report on Wednesday, November 14th. Credit Suisse Group set a $52.00 price target on shares of EQM Midstream Partners and gave the company a “hold” rating in a research report on Tuesday, October 30th. Barclays dropped their price target on shares of EQM Midstream Partners from $60.00 to $59.00 and set an “overweight” rating on the stock in a research report on Friday, October 12th. Finally, Stifel Nicolaus lowered their price objective on shares of EQM Midstream Partners from $61.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, October 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $60.86.

Several institutional investors have recently made changes to their positions in the company. Conning Inc. boosted its stake in EQM Midstream Partners by 25.2% during the third quarter. Conning Inc. now owns 66,123 shares of the pipeline company’s stock worth $3,490,000 after buying an additional 13,290 shares in the last quarter. Spirit of America Management Corp NY boosted its stake in EQM Midstream Partners by 74.1% during the third quarter. Spirit of America Management Corp NY now owns 325,253 shares of the pipeline company’s stock worth $17,167,000 after buying an additional 138,438 shares in the last quarter. Diversified Trust Co boosted its stake in EQM Midstream Partners by 16.1% during the second quarter. Diversified Trust Co now owns 23,190 shares of the pipeline company’s stock worth $1,196,000 after buying an additional 3,215 shares in the last quarter. Tortoise Index Solutions LLC boosted its stake in EQM Midstream Partners by 16.2% during the second quarter. Tortoise Index Solutions LLC now owns 8,908 shares of the pipeline company’s stock worth $460,000 after buying an additional 1,242 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in EQM Midstream Partners by 22.7% during the second quarter. California Public Employees Retirement System now owns 179,396 shares of the pipeline company’s stock worth $9,255,000 after buying an additional 33,213 shares in the last quarter. Institutional investors and hedge funds own 59.70% of the company’s stock.

Shares of NYSE:EQM traded down $0.19 during trading on Wednesday, reaching $48.41. The stock had a trading volume of 1,004,800 shares, compared to its average volume of 611,901. EQM Midstream Partners has a 52 week low of $42.87 and a 52 week high of $77.97. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 9.33 and a beta of 1.13. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.69.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 14th. Stockholders of record on Friday, November 2nd were paid a $1.115 dividend. This is an increase from EQM Midstream Partners’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Thursday, November 1st. This represents a $4.46 annualized dividend and a dividend yield of 9.21%. EQM Midstream Partners’s dividend payout ratio (DPR) is presently 85.93%.

About EQM Midstream Partners

EQM Midstream Partners, LP provides natural gas gathering, transmission, and storage services in Pennsylvania, West Virginia, and Ohio. The company owns, operates, acquires, and develops midstream assets in the Appalachian Basin. The company also owns approximately 300 miles of high pressure gathering lines and 1,500 miles of federal energy regulatory commission (FERC) regulated low pressure gathering lines; and approximately 950 miles of FERC regulated interstate pipelines.

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

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