Dominion Midstream Partners, LP (DM) Expected to Announce Earnings of $0.38 Per Share
Brokerages predict that Dominion Midstream Partners, LP (NYSE:DM) will report $0.38 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have provided estimates for Dominion Midstream Partners’ earnings, with estimates ranging from $0.35 to $0.40. Dominion Midstream Partners also reported earnings of $0.38 per share during the same quarter last year. The business is expected to report its next quarterly earnings report on Wednesday, February 7th.
According to Zacks, analysts expect that Dominion Midstream Partners will report full year earnings of $1.45 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the business will post earnings of $1.25 per share, with EPS estimates ranging from $0.25 to $1.86. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Dominion Midstream Partners.
Dominion Midstream Partners (NYSE:DM) last released its earnings results on Monday, October 30th. The pipeline company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.29 by $0.04. Dominion Midstream Partners had a net margin of 22.61% and a return on equity of 2.14%. The business had revenue of $113.00 million during the quarter, compared to analyst estimates of $104.86 million. During the same period in the prior year, the business earned $0.30 earnings per share. The business’s quarterly revenue was up 18.7% on a year-over-year basis.
A number of large investors have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC grew its stake in Dominion Midstream Partners by 189.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,409 shares of the pipeline company’s stock valued at $2,413,000 after buying an additional 49,369 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Dominion Midstream Partners by 16.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,300,224 shares of the pipeline company’s stock valued at $201,607,000 after buying an additional 875,159 shares during the last quarter. Virtu Financial LLC acquired a new position in Dominion Midstream Partners in the 3rd quarter valued at $311,000. Janney Montgomery Scott LLC grew its stake in Dominion Midstream Partners by 8.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 52,025 shares of the pipeline company’s stock valued at $1,665,000 after buying an additional 4,050 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in Dominion Midstream Partners by 67.4% in the 3rd quarter. Bamco Inc. NY now owns 745,000 shares of the pipeline company’s stock valued at $23,840,000 after buying an additional 300,000 shares during the last quarter. Institutional investors and hedge funds own 58.64% of the company’s stock.
Shares of Dominion Midstream Partners (DM) opened at $30.95 on Wednesday. Dominion Midstream Partners has a one year low of $25.10 and a one year high of $34.85. The company has a market cap of $3,100.00, a P/E ratio of 22.91, a P/E/G ratio of 1.22 and a beta of 1.66. The company has a current ratio of 0.47, a quick ratio of 0.41 and a debt-to-equity ratio of 0.08.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Monday, November 6th were paid a dividend of $0.3025 per share. This is a positive change from Dominion Midstream Partners’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, November 3rd. This represents a $1.21 annualized dividend and a dividend yield of 3.91%. Dominion Midstream Partners’s dividend payout ratio is 90.30%.
ILLEGAL ACTIVITY NOTICE: “Dominion Midstream Partners, LP (DM) Expected to Announce Earnings of $0.38 Per Share” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/12/13/dominion-midstream-partners-lp-dm-expected-to-announce-earnings-of-0-38-per-share.html.
Dominion Midstream Partners Company Profile
Dominion Energy Midstream Partners, LP, formerly Dominion Midstream Partners, LP, is a limited partnership. The Company is formed to grow a portfolio of natural gas terminaling, processing, storage, transportation and related assets. The Company’s segments include Dominion Energy, which consists of gas transportation, liquefied natural gas (LNG) import and storage, and Corporate and Other.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dominion Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dominion Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.