Equities analysts expect EQT Corporation (NYSE:EQT) to report $0.28 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for EQT’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.52. EQT reported earnings of $0.25 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12%. The business is expected to issue its next earnings report before the market opens on Thursday, February 15th.
On average, analysts expect that EQT will report full year earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.61 to $1.13. For the next year, analysts expect that the firm will post earnings of $1.56 per share, with EPS estimates ranging from $0.44 to $3.82. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow EQT.
EQT (NYSE:EQT) last announced its earnings results on Thursday, October 26th. The oil and gas producer reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. The business had revenue of $660.30 million during the quarter, compared to the consensus estimate of $667.05 million. EQT had a net margin of 1.39% and a return on equity of 1.61%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.26) earnings per share.
In related news, Chairman David L. Porges sold 53,760 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $59.14, for a total transaction of $3,179,366.40. Following the completion of the sale, the chairman now owns 438,601 shares in the company, valued at approximately $25,938,863.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas F. Karam bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were purchased at an average price of $59.26 per share, with a total value of $592,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $1,185,200. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its holdings in EQT by 14.2% during the 2nd quarter. D.A. Davidson & CO. now owns 5,801 shares of the oil and gas producer’s stock worth $339,000 after buying an additional 721 shares during the period. S&CO Inc. raised its holdings in shares of EQT by 4.6% in the fourth quarter. S&CO Inc. now owns 27,038 shares of the oil and gas producer’s stock valued at $1,539,000 after purchasing an additional 1,197 shares during the last quarter. BB&T Corp increased its holdings in EQT by 5.6% during the third quarter. BB&T Corp now owns 31,297 shares of the oil and gas producer’s stock worth $2,042,000 after buying an additional 1,673 shares during the last quarter. Zeke Capital Advisors LLC acquired a new position in EQT during the third quarter worth $212,000. Finally, Pinebridge Investments L.P. acquired a new position in EQT during the second quarter worth $212,000.
Shares of EQT (EQT) opened at $58.74 on Friday. EQT has a 12-month low of $49.63 and a 12-month high of $67.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market cap of $15,610.00, a PE ratio of 293.70, a P/E/G ratio of 2.50 and a beta of 0.76.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Wednesday, February 14th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date is Tuesday, February 13th. EQT’s dividend payout ratio (DPR) is presently 60.00%.
EQT Corporation is a natural gas company. The Company operates through three segments: EQT Production, EQT Gathering and EQT Transmission. The EQT Production segment includes its exploration for, and development and production of, natural gas, natural gas liquids and a limited amount of crude oil, primarily in the Appalachian Basin.
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