DT Midstream (DTM) to Release Quarterly Earnings on Tuesday

DT Midstream (NYSE:DTM - Get Free Report) is set to release 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. Parties 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 earnings results on Friday, February 16th. The company reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.32. DT Midstream had a net margin of 41.65% and a return on equity of 9.11%. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $235.19 million. During the same period in the previous year, the firm earned $0.93 earnings per share. 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 Trading Up 0.3 %

DT Midstream stock traded up $0.19 during trading on Tuesday, reaching $63.10. The company had a trading volume of 814,945 shares, compared to its average volume of 677,739. DT Midstream has a 12-month low of $45.10 and a 12-month high of $64.19. The stock's 50 day moving average price is $59.37 and its two-hundred day moving average price is $56.37. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 15.97 and a beta of 0.73. 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 announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Monday, March 18th were issued a $0.735 dividend. This represents a $2.94 dividend on an annualized basis and a yield of 4.66%. This is an increase from DT Midstream's previous quarterly dividend of $0.69. The ex-dividend date was Friday, March 15th. DT Midstream's payout ratio is presently 74.43%.

Analyst Ratings Changes

Several research firms have issued reports on DTM. Barclays boosted their price objective on shares of DT Midstream from $59.00 to $66.00 and gave the stock an "overweight" rating in a research note on Friday, April 5th. Wolfe Research upgraded shares of DT Midstream from an "underperform" rating to a "peer perform" rating in a research note on Tuesday, February 20th. Finally, Mizuho reiterated a "neutral" rating and set a $57.00 price objective (down from $58.00) on shares of DT Midstream in a research note on Friday, January 5th. Two research 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. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $58.50.

Insider Activity

In other news, Director Robert C. Skaggs, Jr. bought 1,000 shares of the firm's stock in a transaction dated Monday, February 26th. The stock was acquired at an average cost of $56.87 per share, for a total transaction of $56,870.00. Following the completion of the purchase, the director now owns 37,289 shares of the company's stock, valued at $2,120,625.43. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.21% of the company's stock.

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.