Antero Midstream (NYSE:AM) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Antero Midstream (NYSE:AM) released its quarterly earnings data on Wednesday. The pipeline company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04), Zacks reports. The business had revenue of $269.70 million for the quarter, compared to analyst estimates of $274.66 million. Antero Midstream had a return on equity of 20.02% and a net margin of 36.19%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.22 earnings per share.

Antero Midstream Trading Down 2.5 %

Shares of AM stock traded down $0.35 during mid-day trading on Friday, hitting $13.69. 4,148,569 shares of the company’s stock were exchanged, compared to its average volume of 2,834,408. Antero Midstream has a fifty-two week low of $11.50 and a fifty-two week high of $15.21. The stock has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $13.85. The company has a quick ratio of 1.25, a current ratio of 0.89 and a debt-to-equity ratio of 1.50. The stock has a market cap of $6.59 billion, a price-to-earnings ratio of 17.11 and a beta of 2.38.

Antero Midstream Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Stockholders of record on Wednesday, July 24th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 6.57%. The ex-dividend date is Wednesday, July 24th. Antero Midstream’s dividend payout ratio (DPR) is 112.50%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Antero Midstream from a “hold” rating to a “buy” rating in a research report on Thursday, July 4th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Antero Midstream presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.17.

About Antero Midstream

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.