Atmos Energy (ATO) Scheduled to Post Earnings on Wednesday

Atmos Energy (NYSE:ATO) will be releasing its earnings data after the market closes on Wednesday, May 8th. Analysts expect Atmos Energy to post earnings of $2.66 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $2.08 EPS for the quarter, missing the consensus estimate of $2.09 by ($0.01). Atmos Energy had a return on equity of 8.62% and a net margin of 23.43%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the previous year, the business posted $1.91 EPS. On average, analysts expect Atmos Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Atmos Energy Stock Performance

Shares of ATO stock opened at $119.45 on Tuesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.25 and a current ratio of 1.44. Atmos Energy has a one year low of $101.00 and a one year high of $125.28. The company’s 50-day simple moving average is $116.19 and its 200-day simple moving average is $114.32. The stock has a market capitalization of $18.02 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 2.58 and a beta of 0.66.

Insider Buying and Selling at Atmos Energy

In other Atmos Energy news, Director Kim R. Cocklin sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total value of $1,746,900.00. Following the sale, the director now owns 186,339 shares in the company, valued at $21,701,039.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ATO. UBS Group began coverage on shares of Atmos Energy in a research report on Friday, April 12th. They set a “neutral” rating and a $124.00 price target on the stock. StockNews.com cut shares of Atmos Energy from a “hold” rating to a “sell” rating in a report on Saturday, April 27th. Finally, Barclays raised their target price on shares of Atmos Energy from $115.00 to $121.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $124.33.

Atmos Energy Company Profile

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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.