Equities research analysts expect EQT GP Holdings LP (NYSE:EQGP) to announce earnings per share of $0.27 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for EQT GP’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. EQT GP posted earnings of $0.23 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.4%. The business is scheduled to report its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that EQT GP will report full-year earnings of $1.15 per share for the current financial year, with EPS estimates ranging from $1.09 to $1.25. For the next year, analysts anticipate that the company will report earnings of $1.71 per share, with EPS estimates ranging from $1.58 to $1.81. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for EQT GP.
EQT GP (NYSE:EQGP) last posted its quarterly earnings results on Thursday, February 15th. The oil and gas company reported $0.26 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.02). EQT GP had a return on equity of 12.63% and a net margin of 31.41%. The business had revenue of $224.51 million during the quarter.
EQGP has been the topic of several recent research reports. Zacks Investment Research raised EQT GP from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday, October 30th. BidaskClub cut EQT GP from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 25th. JPMorgan Chase & Co. raised EQT GP from a “neutral” rating to an “overweight” rating and set a $31.00 price objective on the stock in a report on Thursday, December 14th. Bank of America initiated coverage on EQT GP in a report on Tuesday, January 9th. They set a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group reaffirmed an “overweight” rating on shares of EQT GP in a report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $31.60.
A number of large investors have recently added to or reduced their stakes in EQGP. ING Groep NV raised its holdings in EQT GP by 82.0% during the 3rd quarter. ING Groep NV now owns 546,000 shares of the oil and gas company’s stock valued at $15,812,000 after buying an additional 246,000 shares during the period. Chickasaw Capital Management LLC raised its holdings in EQT GP by 3.8% during the 4th quarter. Chickasaw Capital Management LLC now owns 3,313,307 shares of the oil and gas company’s stock valued at $89,128,000 after buying an additional 121,868 shares during the period. Cramer Rosenthal Mcglynn LLC purchased a new stake in EQT GP during the 4th quarter valued at $3,140,000. Deutsche Bank AG raised its holdings in EQT GP by 222.9% during the 4th quarter. Deutsche Bank AG now owns 99,683 shares of the oil and gas company’s stock valued at $2,681,000 after buying an additional 68,808 shares during the period. Finally, Jennison Associates LLC raised its holdings in EQT GP by 8.0% during the 4th quarter. Jennison Associates LLC now owns 877,764 shares of the oil and gas company’s stock valued at $23,612,000 after buying an additional 65,310 shares during the period. Institutional investors own 10.23% of the company’s stock.
EQT GP (EQGP) traded down $0.19 during mid-day trading on Friday, reaching $25.21. The company’s stock had a trading volume of 40,825 shares, compared to its average volume of 119,624. EQT GP has a 1-year low of $24.18 and a 1-year high of $31.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.52. The company has a market cap of $6,760.59, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 2nd will be issued a dividend of $0.244 per share. This represents a $0.98 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, February 1st. This is a positive change from EQT GP’s previous quarterly dividend of $0.23. EQT GP’s dividend payout ratio is presently 100.00%.
COPYRIGHT VIOLATION WARNING: This story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/17/zacks-brokerages-anticipate-eqt-gp-holdings-lp-eqgp-to-announce-0-27-eps.html.
About EQT GP
EQT GP Holdings, LP (EQGP) is a limited partnership company and subsidiary of EQT Gathering Holdings, LLC (EQT Gathering Holdings). The Company was formed to own EQT Corporation’s (EQT’s) partnership interests in EQT Midstream Partners, LP (EQM), a limited partnership formed by EQT to own, operate, acquire and develop midstream assets in the Appalachian Basin.
Get a free copy of the Zacks research report on EQT GP (EQGP)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EQT GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT GP and related companies with MarketBeat.com's FREE daily email newsletter.