Brokerages forecast that EQT Midstream Partners, LP (NYSE:EQM) will post sales of $213.11 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for EQT Midstream Partners,’s earnings, with the lowest sales estimate coming in at $207.50 million and the highest estimate coming in at $219.80 million. EQT Midstream Partners, reported sales of $170.84 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 24.7%. The firm is scheduled to report its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that EQT Midstream Partners, will report full year sales of $213.11 million for the current financial year, with estimates ranging from $836.00 million to $840.40 million. For the next fiscal year, analysts forecast that the company will report sales of $1.06 billion per share, with estimates ranging from $932.40 million to $1.21 billion. Zacks’ sales averages are an average based on a survey of analysts that follow EQT Midstream Partners,.

EQT Midstream Partners, (NYSE:EQM) last posted its quarterly earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by $0.04. EQT Midstream Partners, had a return on equity of 25.61% and a net margin of 66.99%. The firm had revenue of $199 million for the quarter, compared to the consensus estimate of $195 million. During the same period in the previous year, the company posted $1.27 EPS. EQT Midstream Partners,’s quarterly revenue was up 11.8% compared to the same quarter last year.

Several equities research analysts have weighed in on the company. BidaskClub downgraded EQT Midstream Partners, from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Morgan Stanley upped their price target on EQT Midstream Partners, from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, July 14th. Stifel Nicolaus restated a “hold” rating and set a $79.00 price target on shares of EQT Midstream Partners, in a report on Friday, July 21st. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. Finally, Scotiabank restated a “hold” rating and set a $94.00 price target on shares of EQT Midstream Partners, in a report on Friday, April 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $89.50.

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Shares of EQT Midstream Partners, (EQM) opened at 75.25 on Tuesday. The company has a market cap of $6.06 billion, a P/E ratio of 14.50 and a beta of 0.89. The company’s 50-day moving average price is $74.86 and its 200-day moving average price is $76.48. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be given a $0.935 dividend. The ex-dividend date is Wednesday, August 2nd. This is a boost from EQT Midstream Partners,’s previous quarterly dividend of $0.89. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.97%. EQT Midstream Partners,’s dividend payout ratio is 72.34%.

Several hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in EQT Midstream Partners, by 3.6% in the second quarter. Alps Advisors Inc. now owns 4,280,142 shares of the pipeline company’s stock valued at $319,427,000 after buying an additional 148,031 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of EQT Midstream Partners, by 6.4% in the first quarter. Neuberger Berman Group LLC now owns 3,215,951 shares of the pipeline company’s stock worth $247,307,000 after buying an additional 192,411 shares during the period. Morgan Stanley increased its position in shares of EQT Midstream Partners, by 1.4% in the first quarter. Morgan Stanley now owns 1,942,853 shares of the pipeline company’s stock worth $149,405,000 after buying an additional 27,614 shares during the period. UBS Group AG increased its position in shares of EQT Midstream Partners, by 5.9% in the first quarter. UBS Group AG now owns 1,446,191 shares of the pipeline company’s stock worth $111,212,000 after buying an additional 80,072 shares during the period. Finally, Chickasaw Capital Management LLC increased its position in shares of EQT Midstream Partners, by 14.5% in the first quarter. Chickasaw Capital Management LLC now owns 1,312,889 shares of the pipeline company’s stock worth $100,961,000 after buying an additional 166,231 shares during the period. 75.72% of the stock is owned by hedge funds and other institutional investors.

About EQT Midstream Partners,

EQT Midstream Partners, LP (EQM) owns, operates, acquires and develops midstream assets in the Appalachian Basin. The Company’s segments include Gathering and Transmission. The Gathering segment primarily includes high pressure gathering lines and the Federal Energy Regulatory Commission (FERC)-regulated low pressure gathering system.

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Earnings History and Estimates for EQT Midstream Partners, (NYSE:EQM)

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