DT Midstream (DTM) to Release Earnings on Tuesday

DT Midstream (NYSE:DTM) is set to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

DT Midstream (NYSE:DTM) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.06. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. The firm had revenue of $244.00 million for the quarter, compared to analyst estimates of $236.83 million. During the same period last year, the company earned $0.93 EPS. On average, analysts expect DT Midstream to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DT Midstream Stock Down 0.1 %

Shares of NYSE:DTM opened at $86.97 on Tuesday. The stock’s 50-day moving average price is $78.96 and its two-hundred day moving average price is $71.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.71. DT Midstream has a 12-month low of $51.17 and a 12-month high of $87.45. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 21.21 and a beta of 0.74.

DT Midstream Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 16th were paid a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Monday, September 16th. DT Midstream’s payout ratio is 71.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DTM. JPMorgan Chase & Co. raised their price target on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. Wells Fargo & Company raised their price objective on DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Citigroup raised their price objective on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, September 4th. Barclays raised their price objective on DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. Finally, Stifel Nicolaus raised their price objective on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $75.29.

About DT Midstream

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.