DT Midstream (NYSE:DTM – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Research Report on DT Midstream
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.
See Also
- Five stocks we like better than DT Midstream
- Investing In Automotive Stocks
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- How to Invest in Blue Chip Stocks
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Dividend Capture Strategy: What You Need to Know
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for DT Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DT Midstream and related companies with MarketBeat.com's FREE daily email newsletter.