Brokerages expect EQT Co. (NYSE:EQT) to announce sales of $1.12 billion for the current fiscal quarter, Zacks reports. Sixteen analysts have provided estimates for EQT’s earnings, with estimates ranging from $1.00 billion to $1.29 billion. EQT posted sales of $853.16 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 31.3%. The business is expected to announce its next earnings results after the market closes on Wednesday, October 27th.
On average, analysts expect that EQT will report full year sales of $3.89 billion for the current fiscal year, with estimates ranging from $2.96 billion to $4.83 billion. For the next year, analysts forecast that the company will report sales of $5.47 billion, with estimates ranging from $4.81 billion to $6.07 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for EQT.
EQT (NYSE:EQT) last released its quarterly earnings data on Tuesday, July 27th. The oil and gas producer reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.03. EQT had a negative net margin of 28.97% and a positive return on equity of 0.67%. The business had revenue of $996.88 million for the quarter, compared to analyst estimates of $1 billion.
Shares of NYSE EQT traded up $0.70 during midday trading on Monday, reaching $20.55. The company’s stock had a trading volume of 234,452 shares, compared to its average volume of 6,104,801. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.61. EQT has a fifty-two week low of $12.27 and a fifty-two week high of $23.24. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of -3.65, a PEG ratio of 1.43 and a beta of 1.28. The stock has a 50 day simple moving average of $19.26 and a 200-day simple moving average of $19.82.
In other news, CEO Toby Z. Rice acquired 28,000 shares of the business’s stock in a transaction that occurred on Monday, August 2nd. The stock was acquired at an average price of $17.83 per share, with a total value of $499,240.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its stake in EQT by 1.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,217,017 shares of the oil and gas producer’s stock worth $598,592,000 after acquiring an additional 435,133 shares in the last quarter. Vanguard Group Inc. raised its stake in EQT by 1.8% during the second quarter. Vanguard Group Inc. now owns 26,692,270 shares of the oil and gas producer’s stock worth $594,170,000 after acquiring an additional 467,516 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in EQT by 4.5% during the second quarter. Dimensional Fund Advisors LP now owns 12,588,577 shares of the oil and gas producer’s stock worth $280,207,000 after acquiring an additional 543,609 shares in the last quarter. Bank of New York Mellon Corp raised its stake in EQT by 137.5% during the first quarter. Bank of New York Mellon Corp now owns 10,867,174 shares of the oil and gas producer’s stock worth $201,912,000 after acquiring an additional 6,291,577 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in EQT by 28.9% during the second quarter. Bank of America Corp DE now owns 5,221,147 shares of the oil and gas producer’s stock worth $116,223,000 after acquiring an additional 1,169,417 shares in the last quarter. 97.58% of the stock is owned by hedge funds and other institutional investors.
EQT Company Profile
EQT Corp. engages in natural gas production, gathering and transmission in the Appalachian area. It has operations in Marcellus and Utica Shales of the Appalachian Basin. The company was founded in 1888 and is headquartered in Pittsburgh, PA.
See Also: What is a stock portfolio tracker?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for EQT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for EQT and related companies with MarketBeat.com's FREE daily email newsletter.