DT Midstream (DTM) Scheduled to Post Quarterly Earnings on Tuesday

DT Midstream (NYSE:DTM) is scheduled to be announcing its earnings results before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.93 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

DT Midstream (NYSE:DTM) last issued its earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating 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 company had revenue of $244.00 million during the quarter, compared to analysts’ expectations of $235.19 million. During the same period in the prior year, the business 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 0.5 %

NYSE DTM opened at $62.91 on Tuesday. The business’s fifty day simple moving average is $59.15 and its 200-day simple moving average is $56.31. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The firm has a market cap of $6.11 billion, a PE ratio of 15.93 and a beta of 0.73. DT Midstream has a 52 week low of $45.10 and a 52 week high of $64.19.

DT Midstream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, March 18th were paid a dividend of $0.735 per share. The ex-dividend date of this dividend was Friday, March 15th. This is an increase from DT Midstream’s previous quarterly dividend of $0.69. This represents a $2.94 dividend on an annualized basis and a yield of 4.67%. DT Midstream’s payout ratio is 74.43%.

Insider Transactions at DT Midstream

In other news, Director Robert C. Skaggs, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average price of $56.87 per share, for a total transaction of $56,870.00. Following the acquisition, the director now owns 37,289 shares of the company’s stock, valued at $2,120,625.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.04% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Mizuho restated a “neutral” rating and set a $57.00 price target (down previously from $58.00) on shares of DT Midstream in a report on Friday, January 5th. Barclays raised their target price on DT Midstream from $59.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Finally, Wolfe Research raised DT Midstream from an “underperform” rating to a “peer perform” rating in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.