DT Midstream (DTM) Set to Announce Earnings on Tuesday

DT Midstream (NYSE:DTM - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.96 per share for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

DT Midstream (NYSE:DTM - Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.92 by $0.06. The company had revenue of $244.00 million during the quarter, compared to the consensus estimate of $236.83 million. DT Midstream had a return on equity of 9.45% and a net margin of 42.10%. During the same period last 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 Performance

DTM traded up $0.09 during midday trading on Tuesday, hitting $87.02. 688,561 shares of the company traded hands, compared to its average volume of 638,776. The company's 50-day moving average is $78.96 and its 200 day moving average is $71.90. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $8.45 billion, a PE ratio of 21.22 and a beta of 0.74. DT Midstream has a 52 week low of $51.17 and a 52 week high of $87.45.

DT Midstream Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 16th were given a dividend of $0.735 per share. The ex-dividend date was Monday, September 16th. This represents a $2.94 dividend on an annualized basis and a yield of 3.38%. DT Midstream's dividend payout ratio (DPR) is 71.71%.

Analysts Set New Price Targets

A number of brokerages have weighed in on DTM. Barclays boosted their target price on shares of DT Midstream from $76.00 to $85.00 and gave the company an "overweight" rating in a research note on Thursday, October 3rd. Citigroup increased their target price on DT Midstream from $62.00 to $76.00 and gave the company a "neutral" rating in a report on Wednesday, September 4th. JPMorgan Chase & Co. boosted their price target on DT Midstream from $78.00 to $83.00 and gave the company a "neutral" rating in a research note on Friday, October 4th. Wells Fargo & Company increased their price objective on shares of DT Midstream from $77.00 to $87.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their target price on shares of DT Midstream from $70.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, DT Midstream currently has an average rating of "Hold" and a consensus price target of $75.29.

DT Midstream Company Profile

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.