DT Midstream (NYSE:DTM) Posts Earnings Results, Beats Estimates By $0.03 EPS

DT Midstream (NYSE:DTM) posted its quarterly earnings data on Wednesday. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates 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 Stock Performance

NYSE DTM traded up $0.40 during trading hours on Wednesday, hitting $96.20. The company had a trading volume of 789,614 shares, compared to its average volume of 911,607. DT Midstream has a fifty-two week low of $56.15 and a fifty-two week high of $114.50. The firm has a market cap of $9.35 billion, a P/E ratio of 23.40 and a beta of 0.79. The business has a fifty day simple moving average of $102.84 and a 200-day simple moving average of $92.94. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DTM shares. Stifel Nicolaus upgraded shares of DT Midstream from a “hold” rating to a “buy” rating and lifted their price target for the stock from $89.00 to $106.00 in a report on Thursday, December 19th. Barclays initiated coverage on DT Midstream in a report on Friday, January 10th. They issued an “equal weight” rating and a $112.00 price target for the company. Raymond James lifted their price objective on DT Midstream from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 28th. Wells Fargo & Company upped their target price on DT Midstream from $87.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Finally, 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 research note on Thursday, November 21st. Two research 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. According to MarketBeat.com, DT Midstream currently has an average rating of “Hold” and an average target price 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.