Equities research analysts expect Atmos Energy Co. (NYSE:ATO) to post sales of $696.75 million for the current quarter, according to Zacks. Two analysts have issued estimates for Atmos Energy’s earnings, with estimates ranging from $680.09 million to $713.40 million. Atmos Energy reported sales of $562.25 million in the same quarter last year, which indicates a positive year over year growth rate of 23.9%. The business is expected to announce its next earnings results on Wednesday, August 14th.

On average, analysts expect that Atmos Energy will report full year sales of $3.42 billion for the current year, with estimates ranging from $3.28 billion to $3.51 billion. For the next year, analysts forecast that the business will post sales of $3.71 billion, with estimates ranging from $3.69 billion to $3.74 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Atmos Energy.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.14. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.29 billion. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. Atmos Energy’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share.

Separately, Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Atmos Energy currently has a consensus rating of “Hold” and an average price target of $102.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its position in shares of Atmos Energy by 1,666.7% in the first quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 250 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Atmos Energy by 105.0% in the first quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 146 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of Atmos Energy in the first quarter valued at about $31,000. Phocas Financial Corp. purchased a new position in shares of Atmos Energy in the fourth quarter valued at about $35,000. Finally, Clarus Wealth Advisors purchased a new position in shares of Atmos Energy in the fourth quarter valued at about $37,000. Institutional investors own 82.12% of the company’s stock.

NYSE ATO traded down $0.58 on Wednesday, hitting $104.41. 4,311 shares of the company traded hands, compared to its average volume of 656,145. The company has a market capitalization of $12.28 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.78. Atmos Energy has a 52-week low of $84.84 and a 52-week high of $105.19.

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Tuesday, May 28th were given a dividend of $0.525 per share. The ex-dividend date was Friday, May 24th. This represents a $2.10 annualized dividend and a yield of 2.01%. Atmos Energy’s dividend payout ratio (DPR) is presently 52.50%.

About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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