Equities research analysts expect that Equitrans Midstream Co. (NYSE:ETRN) will announce earnings of $0.32 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Equitrans Midstream’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.36. Equitrans Midstream posted earnings per share of $1.24 during the same quarter last year, which indicates a negative year over year growth rate of 74.2%. The firm is expected to issue its next quarterly earnings report on Thursday, February 25th.
According to Zacks, analysts expect that Equitrans Midstream will report full year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.37. For the next fiscal year, analysts expect that the business will post earnings of $1.09 per share, with EPS estimates ranging from $1.00 to $1.18. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Equitrans Midstream.
Equitrans Midstream (NYSE:ETRN) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.02. The firm had revenue of $350.00 million during the quarter, compared to analyst estimates of $349.23 million. Equitrans Midstream had a return on equity of 15.27% and a net margin of 1.40%.
Shares of Equitrans Midstream stock traded up $0.05 on Wednesday, reaching $8.47. The company’s stock had a trading volume of 3,389,151 shares, compared to its average volume of 6,002,229. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.90. The company has a market capitalization of $3.66 billion, a P/E ratio of -26.47 and a beta of 2.24. The stock has a 50-day moving average price of $8.09 and a 200-day moving average price of $8.00. Equitrans Midstream has a 52-week low of $3.75 and a 52-week high of $13.57.
Several large investors have recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Equitrans Midstream in the 2nd quarter worth approximately $44,000. Freestone Capital Holdings LLC acquired a new position in shares of Equitrans Midstream in the 3rd quarter worth approximately $55,000. Central Bank & Trust Co. grew its position in Equitrans Midstream by 8,875.0% during the 3rd quarter. Central Bank & Trust Co. now owns 7,180 shares of the company’s stock worth $61,000 after acquiring an additional 7,100 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Equitrans Midstream during the 1st quarter valued at $72,000. Finally, Greenleaf Trust bought a new position in Equitrans Midstream in the 3rd quarter valued at $86,000. 86.11% of the stock is owned by institutional investors.
Equitrans Midstream Company Profile
Equitrans Midstream Corporation owns, operates, acquires, and develops natural gas gathering, transmission and storage, and water services assets in the Appalachian Basin. It operates through three segments: Gathering, Transmission, and Water. The Gathering System segment include 990 miles of high-pressure gathering lines with compression of approximately 445,000 horsepower and multiple interconnect points; and approximately 920 miles of Federal Energy Regulatory Commission (FERC) low-pressure gathering lines.
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