DT Midstream (DTM) Scheduled to Post Earnings on Tuesday

DT Midstream (NYSE:DTM) is scheduled to be releasing its earnings data before the market opens on Tuesday, October 29th. Analysts expect DT Midstream to post earnings of $0.96 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

DT Midstream (NYSE:DTM) last posted its quarterly earnings data 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. The firm had revenue of $244.00 million for the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a net margin of 42.10% and a return on equity of 9.45%. During the same period in the previous year, the firm 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 Price Performance

DTM opened at $87.39 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 21.31 and a beta of 0.74. The firm’s fifty day moving average price is $80.02 and its two-hundred day moving average price is $72.53. DT Midstream has a 1 year low of $51.17 and a 1 year high of $88.21.

DT Midstream Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 16th were paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Monday, September 16th. DT Midstream’s payout ratio is 71.71%.

Wall Street Analyst Weigh In

DTM has been the topic of a number of recent analyst reports. Citigroup lifted their target price on DT Midstream from $62.00 to $76.00 and gave the stock a “neutral” rating in a research note on Wednesday, September 4th. Stifel Nicolaus lifted their target price on DT Midstream from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Morgan Stanley lifted their target price on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday. Wells Fargo & Company lifted their target price on DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lifted their target price on DT Midstream from $78.00 to $83.00 and gave the stock a “neutral” rating in a research note on Friday, October 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $77.38.

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.