Is it time to Buy before this week’s earning report Equitrans Midstream (NYSE:ETRN)

Earnings results for Equitrans Midstream (NYSE:ETRN)

Equitrans Midstream Corporation is expected* to report earnings on 05/04/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.46.

Equitrans Midstream last announced its earnings data on February 22nd, 2021. The reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $367.12 million for the quarter, compared to analyst estimates of $380.15 million. Its quarterly revenue was down 13.8% compared to the same quarter last year. Equitrans Midstream has generated $3.00 earnings per share over the last year. Equitrans Midstream has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Equitrans Midstream will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Equitrans Midstream (NYSE:ETRN)

7 Wall Street analysts have issued ratings and price targets for Equitrans Midstream in the last 12 months. Their average twelve-month price target is $10.33, predicting that the stock has a possible upside of 26.63%. The high price target for ETRN is $14.00 and the low price target for ETRN is $6.00. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Equitrans Midstream has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on 2 buy ratings, 3 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $10.33, Equitrans Midstream has a forecasted upside of 26.6% from its current price of $8.16. Equitrans Midstream has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Equitrans Midstream (NYSE:ETRN)

Equitrans Midstream is a leading dividend payer. It pays a dividend yield of 7.35%, putting its dividend yield in the top 25% of dividend-paying stocks. Equitrans Midstream has only been increasing its dividend for 1 years. The dividend payout ratio of Equitrans Midstream is 20.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Equitrans Midstream will have a dividend payout ratio of 55.05% next year. This indicates that Equitrans Midstream will be able to sustain or increase its dividend.

Insiders buying/selling: Equitrans Midstream (NYSE:ETRN)

In the past three months, Equitrans Midstream insiders have not sold or bought any company stock. Only 0.50% of the stock of Equitrans Midstream is held by insiders. 91.88% of the stock of Equitrans Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Equitrans Midstream (NYSE:ETRN

Earnings for Equitrans Midstream are expected to decrease by -14.17% in the coming year, from $1.27 to $1.09 per share. The P/E ratio of Equitrans Midstream is -25.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Equitrans Midstream is -25.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Equitrans Midstream has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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