Altagas Ltd (TSE:ALA) announced its quarterly earnings data on Thursday, July 27th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Yahoo Finance reports. The company had revenue of $539 million for the quarter, compared to analyst estimates of $633.11 million. Altagas had a return on equity of 3.57% and a net margin of 6.19%.

Altagas (ALA) opened at 28.67 on Wednesday. The stock has a market cap of $4.92 billion and a PE ratio of 44.45. Altagas has a 52 week low of $28.57 and a 52 week high of $35.55. The stock has a 50 day moving average price of $29.47 and a 200 day moving average price of $30.57.

The company also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.175 dividend. This represents a $2.10 annualized dividend and a yield of 7.32%. The ex-dividend date of this dividend is Wednesday, August 23rd.

TRADEMARK VIOLATION WARNING: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/08/09/altagas-ltd-tseala-releases-quarterly-earnings-results-beats-expectations-by-0-01-eps-updated.html.

ALA has been the subject of a number of recent research reports. Raymond James Financial, Inc. reaffirmed a “market perform” rating and issued a C$32.00 target price on shares of Altagas in a research note on Thursday, April 27th. BMO Capital Markets set a C$32.00 target price on Altagas and gave the stock a “market perform” rating in a research note on Friday, July 28th. Royal Bank Of Canada cut their target price on Altagas from C$35.00 to C$33.00 and set a “sector perform” rating for the company in a research note on Friday, July 28th. Scotiabank reissued an “outperform” rating and set a C$36.00 price objective on shares of Altagas in a research report on Thursday, April 27th. Finally, Canaccord Genuity cut their price objective on Altagas from C$33.00 to C$31.00 and set a “hold” rating for the company in a research report on Tuesday, July 25th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$35.11.

About Altagas

AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

Receive News & Stock Ratings for Altagas Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altagas Ltd and related stocks with our FREE daily email newsletter.