DT Midstream (DTM) to Release Earnings on Tuesday

DT Midstream (NYSE:DTM) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect DT Midstream to post earnings of $0.93 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

DT Midstream (NYSE:DTM) last announced its earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.32. DT Midstream had a return on equity of 9.11% and a net margin of 41.65%. The firm had revenue of $244.00 million during the quarter, compared to analyst estimates of $235.19 million. During the same quarter in the prior year, the company earned $0.93 EPS. On average, analysts expect DT Midstream to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

DT Midstream Stock Down 0.9 %

Shares of NYSE:DTM opened at $64.04 on Monday. DT Midstream has a 52-week low of $45.10 and a 52-week high of $64.69. The firm has a market capitalization of $6.22 billion, a P/E ratio of 16.21 and a beta of 0.73. The stock has a 50 day moving average price of $60.05 and a 200-day moving average price of $56.59. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63.

DT Midstream Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were paid a $0.735 dividend. The ex-dividend date of this dividend was Friday, March 15th. This represents a $2.94 annualized dividend and a dividend yield of 4.59%. This is an increase from DT Midstream’s previous quarterly dividend of $0.69. DT Midstream’s dividend payout ratio is presently 74.43%.

Insider Transactions at DT Midstream

In related news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average cost of $56.87 per share, with a total value of $56,870.00. Following the acquisition, the director now owns 37,289 shares in the company, valued at $2,120,625.43. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DTM. Mizuho reiterated a “neutral” rating and set a $57.00 target price (down from $58.00) on shares of DT Midstream in a research note on Friday, January 5th. Wolfe Research upgraded DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Finally, Barclays increased their target price on DT Midstream from $59.00 to $66.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DT Midstream has an average rating of “Hold” and a consensus price target of $58.50.

About DT Midstream

DT Midstream, Inc, together with its subsidiaries, provides integrated natural gas services in the United States. The company operates through two segments, Pipeline and Gathering. The Pipeline segment owns and operates interstate and intrastate natural gas pipelines, storage systems, and natural gas gathering lateral pipelines.