Atmos Energy Corporation (ATO) Releases Quarterly Earnings Results, Meets Expectations
Atmos Energy Corporation (NYSE:ATO) issued its earnings results on Wednesday. The utilities provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34, Briefing.com reports. During the same period last year, the firm posted $0.40 earnings per share. Atmos Energy Corporation updated its FY18 guidance to $3.75 to $3.95 EPS.
Shares of Atmos Energy Corporation (NYSE ATO) opened at $89.79 on Friday. Atmos Energy Corporation has a 1 year low of $68.51 and a 1 year high of $90.39. The firm has a market capitalization of $9,465.29, a PE ratio of 24.32, a P/E/G ratio of 3.60 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a $0.485 dividend. This is an increase from Atmos Energy Corporation’s previous quarterly dividend of $0.45. This represents a $1.94 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend is Friday, November 24th. Atmos Energy Corporation’s dividend payout ratio (DPR) is currently 48.13%.
In other news, Director Richard A. Sampson bought 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $88.12 per share, with a total value of $132,180.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $264,360. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.57% of the stock is owned by company insiders.
Several brokerages recently issued reports on ATO. BidaskClub lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the stock a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research lowered Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Argus raised their target price on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co raised their target price on Atmos Energy Corporation from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $85.67.
About Atmos Energy Corporation
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.
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