Earnings results for Antero Midstream (NYSE:AM)
Antero Midstream Corporation is expected* to report earnings on 07/28/2021 after market close. The report will be for the fiscal Quarter ending Jun 2021. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.19. The reported EPS for the same quarter last year was $0.22.
Antero Midstream last released its earnings data on April 27th, 2021. The pipeline company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $243.70 million for the quarter, compared to analyst estimates of $221.51 million. Its revenue for the quarter was up .0% on a year-over-year basis. Antero Midstream has generated $0.90 earnings per share over the last year and currently has a price-to-earnings ratio of 13.2. Antero Midstream has confirmed that its next quarterly earnings report will be published on Wednesday, July 28th, 2021. Antero Midstream will be holding an earnings conference call on Thursday, July 29th at 12:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 201-612-7415 with passcode “13720341”.
Analyst Opinion on Antero Midstream (NYSE:AM)
7 Wall Street analysts have issued ratings and price targets for Antero Midstream in the last 12 months. Their average twelve-month price target is $8.10, predicting that the stock has a possible downside of 15.89%. The high price target for AM is $10.00 and the low price target for AM is $6.00. There are currently 3 sell ratings and 4 hold ratings for the stock, resulting in a consensus rating of “Hold.”
Antero Midstream has received a consensus rating of Hold. The company’s average rating score is 1.57, and is based on no buy ratings, 4 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $8.10, Antero Midstream has a forecasted downside of 15.9% from its current price of $9.63. Antero Midstream has only been the subject of 3 research reports in the past 90 days.
Dividend Strength: Antero Midstream (NYSE:AM)
Antero Midstream is a leading dividend payer. It pays a dividend yield of 8.72%, putting its dividend yield in the top 25% of dividend-paying stocks. Antero Midstream has only been increasing its dividend for 1 years. The dividend payout ratio of Antero Midstream is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Antero Midstream will have a dividend payout ratio of 105.88% in the coming year. This indicates that Antero Midstream may not be able to sustain their current dividend.
Insiders buying/selling: Antero Midstream (NYSE:AM)
In the past three months, Antero Midstream insiders have not sold or bought any company stock. Only 10.90% of the stock of Antero Midstream is held by insiders. 51.67% of the stock of Antero Midstream is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Antero Midstream (NYSE:AM
Earnings for Antero Midstream are expected to grow by 13.33% in the coming year, from $0.75 to $0.85 per share. The P/E ratio of Antero Midstream is 13.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.36. The P/E ratio of Antero Midstream is 13.19, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.83. Antero Midstream has a P/B Ratio of 1.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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