DT Midstream (DTM) to Release Quarterly Earnings on Tuesday

DT Midstream (NYSE:DTM) is set to release 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. Parties interested in listening to the company’s 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 EPS for the quarter, beating 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 business had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $236.83 million. During the same period in the previous year, the business earned $0.93 earnings per share. 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 Trading Down 0.6 %

Shares of NYSE:DTM opened at $87.39 on Monday. The business’s 50 day moving average price is $80.02 and its 200-day moving average price is $72.59. DT Midstream has a 1 year low of $51.17 and a 1 year high of $88.21. The firm has a market capitalization of $8.49 billion, a price-to-earnings ratio of 21.31 and a beta of 0.74. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.84 and a quick ratio of 0.84.

DT Midstream Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of DT Midstream from $77.00 to $87.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price objective on DT Midstream from $82.00 to $92.00 and gave the stock an “underweight” rating in a research note on Friday. JPMorgan Chase & Co. raised their target price on DT Midstream from $78.00 to $83.00 and gave the company a “neutral” rating in a research report on Friday, October 4th. Barclays lifted their price target on DT Midstream from $76.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, October 3rd. Finally, Citigroup increased their price objective on DT Midstream from $62.00 to $76.00 and gave the company a “neutral” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, DT Midstream presently has an average 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.