DT Midstream (NYSE:DTM) Releases Earnings Results, Beats Expectations By $0.03 EPS

DT Midstream (NYSE:DTM) posted its quarterly earnings data on Wednesday. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03, Zacks reports. DT Midstream had a return on equity of 9.31% and a net margin of 41.19%. DT Midstream updated its FY 2025 guidance to 4.050-4.450 EPS.

DT Midstream Price Performance

DTM stock traded down $0.75 on Wednesday, hitting $95.05. 560,066 shares of the company’s stock traded hands, compared to its average volume of 906,245. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The stock has a market cap of $9.23 billion, a price-to-earnings ratio of 23.19 and a beta of 0.79. DT Midstream has a 1-year low of $56.15 and a 1-year high of $114.50. The stock has a fifty day moving average of $102.84 and a 200-day moving average of $92.94.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. The Goldman Sachs Group lifted their target price on shares of DT Midstream from $74.00 to $94.00 and gave the company a “sell” rating in a report on Thursday, December 19th. Citigroup raised DT Midstream from a “neutral” rating to a “buy” rating and raised their price target for the stock from $90.00 to $115.00 in a report on Thursday, November 21st. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the company from $89.00 to $106.00 in a research report on Thursday, December 19th. Raymond James raised their price objective on shares of DT Midstream from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of DT Midstream from $109.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, January 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, DT Midstream presently has a consensus rating of “Hold” and an average price target of $101.56.

DT Midstream Company Profile

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.