Analysts predict that EQT Midstream Partners, LP (NYSE:EQM) will post sales of $212.36 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for EQT Midstream Partners,’s earnings. The highest sales estimate is $219.80 million and the lowest is $205.26 million. EQT Midstream Partners, reported sales of $170.84 million in the same quarter last year, which would suggest a positive year over year growth rate of 24.3%. The firm is expected to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that EQT Midstream Partners, will report full-year sales of $212.36 million for the current financial year, with estimates ranging from $836.00 million to $845.05 million. For the next year, analysts expect that the firm will report sales of $1.06 billion per share, with estimates ranging from $932.40 million to $1.21 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover EQT Midstream Partners,.

EQT Midstream Partners, (NYSE:EQM) last announced its earnings results on Thursday, July 27th. The pipeline company reported $1.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.04). EQT Midstream Partners, had a net margin of 66.99% and a return on equity of 25.61%. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $195.00 million. During the same period in the previous year, the company earned $1.27 earnings per share. The business’s revenue for the quarter was up 11.8% on a year-over-year basis.

A number of research firms have issued reports on EQM. Stifel Nicolaus set a $79.00 target price on EQT Midstream Partners, and gave the company a “hold” rating in a report on Friday, August 25th. BidaskClub raised EQT Midstream Partners, from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. TheStreet raised EQT Midstream Partners, from a “c+” rating to a “b-” rating in a report on Wednesday, July 19th. Scotiabank set a $94.00 target price on EQT Midstream Partners, and gave the company a “hold” rating in a report on Saturday, July 22nd. Finally, Morgan Stanley raised their target price on EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. EQT Midstream Partners, presently has an average rating of “Hold” and a consensus target price of $89.50.

Several hedge funds have recently made changes to their positions in EQM. ING Groep NV lifted its position in shares of EQT Midstream Partners, by 248.4% in the 2nd quarter. ING Groep NV now owns 695,000 shares of the pipeline company’s stock worth $51,868,000 after acquiring an additional 495,500 shares during the period. Marshall Wace North America L.P. lifted its position in shares of EQT Midstream Partners, by 282.2% in the 2nd quarter. Marshall Wace North America L.P. now owns 488,401 shares of the pipeline company’s stock worth $36,630,000 after acquiring an additional 360,601 shares during the period. Hamlin Capital Management LLC lifted its position in shares of EQT Midstream Partners, by 26.6% in the 2nd quarter. Hamlin Capital Management LLC now owns 1,116,129 shares of the pipeline company’s stock worth $83,297,000 after acquiring an additional 234,542 shares during the period. Bank of Montreal Can lifted its position in shares of EQT Midstream Partners, by 25.4% in the 2nd quarter. Bank of Montreal Can now owns 1,092,190 shares of the pipeline company’s stock worth $81,510,000 after acquiring an additional 221,005 shares during the period. Finally, Neuberger Berman Group LLC lifted its position in shares of EQT Midstream Partners, by 6.4% in the 1st quarter. Neuberger Berman Group LLC now owns 3,215,951 shares of the pipeline company’s stock worth $247,307,000 after acquiring an additional 192,411 shares during the period. Institutional investors own 73.46% of the company’s stock.

EQT Midstream Partners, (EQM) opened at 75.13 on Wednesday. The firm has a 50 day moving average price of $75.00 and a 200-day moving average price of $75.56. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 14.48 and a beta of 0.89. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99.

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Friday, August 4th were given a $0.935 dividend. The ex-dividend date of this dividend was Wednesday, August 2nd. This represents a $3.74 dividend on an annualized basis and a dividend yield of 4.98%. This is an increase from EQT Midstream Partners,’s previous quarterly dividend of $0.89. EQT Midstream Partners,’s dividend payout ratio (DPR) is currently 72.34%.

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EQT Midstream Partners, Company Profile

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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