Wall Street analysts forecast that EQT Midstream Partners, LP (NYSE:EQM) will post earnings of $1.37 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for EQT Midstream Partners,’s earnings. The lowest EPS estimate is $1.23 and the highest is $1.80. EQT Midstream Partners, posted earnings of $1.23 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The business is expected to issue its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that EQT Midstream Partners, will report full-year earnings of $5.63 per share for the current year, with EPS estimates ranging from $5.17 to $7.32. For the next financial year, analysts expect that the business will report earnings of $6.21 per share, with EPS estimates ranging from $4.82 to $8.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that cover EQT Midstream Partners,.

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

Several research firms recently issued reports on EQM. BidaskClub upgraded EQT Midstream Partners, from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. TheStreet upgraded EQT Midstream Partners, from a “c+” rating to a “b-” rating in a research note on Wednesday, July 19th. Scotiabank set a $94.00 price target on EQT Midstream Partners, and gave the company a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $79.00 price target on shares of EQT Midstream Partners, in a research note on Friday, July 21st. Finally, Morgan Stanley boosted their price target on EQT Midstream Partners, from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $89.50.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in EQM. Bank of New York Mellon Corp increased its holdings in shares of EQT Midstream Partners, by 7.2% in the first quarter. Bank of New York Mellon Corp now owns 24,884 shares of the pipeline company’s stock worth $1,913,000 after buying an additional 1,679 shares during the period. BNP Paribas Arbitrage SA increased its holdings in shares of EQT Midstream Partners, by 52.9% in the first quarter. BNP Paribas Arbitrage SA now owns 8,714 shares of the pipeline company’s stock worth $670,000 after buying an additional 3,016 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of EQT Midstream Partners, by 3,053.5% in the first quarter. Ameriprise Financial Inc. now owns 87,478 shares of the pipeline company’s stock worth $6,725,000 after buying an additional 84,704 shares during the period. Stifel Financial Corp increased its holdings in shares of EQT Midstream Partners, by 17.0% in the first quarter. Stifel Financial Corp now owns 32,371 shares of the pipeline company’s stock worth $2,490,000 after buying an additional 4,694 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in shares of EQT Midstream Partners, by 40.6% in the first quarter. Alliancebernstein L.P. now owns 13,553 shares of the pipeline company’s stock worth $1,042,000 after buying an additional 3,913 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Shares of EQT Midstream Partners, (EQM) traded up 1.64% during mid-day trading on Friday, reaching $74.97. 667,142 shares of the company were exchanged. EQT Midstream Partners, has a 12 month low of $69.20 and a 12 month high of $82.99. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 14.45 and a beta of 0.89. The company’s 50-day moving average is $74.74 and its 200 day moving average is $75.38.

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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