Equitrans Midstream (ETRN) to Release Quarterly Earnings on Tuesday

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

Equitrans Midstream (NYSE:ETRN) last issued its earnings results on Tuesday, February 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.16. The business had revenue of $360.60 million for the quarter, compared to analysts’ expectations of $348.04 million. Equitrans Midstream had a return on equity of 30.41% and a net margin of 30.89%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.13 EPS. 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 Stock Performance

Shares of NYSE ETRN opened at $13.74 on Monday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 4.83. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.83 and a beta of 1.97. The stock’s fifty day simple moving average is $11.77 and its 200 day simple moving average is $10.49. Equitrans Midstream has a 52-week low of $4.65 and a 52-week high of $13.80.

Equitrans Midstream Dividend Announcement

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

Analysts Set New Price Targets

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