Atmos Energy (ATO) Posts Quarterly Earnings, Beats Expectations By $0.13 EPS
Atmos Energy (NYSE:ATO) issued its quarterly earnings data on Wednesday. The company reported $1.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.13, ARN reports.
Atmos Energy (NYSE:ATO) traded up 0.84% on Wednesday, hitting $51.59. The stock had a trading volume of 730,632 shares. Atmos Energy has a one year low of $38.00 and a one year high of $51.82. The stock’s 50-day moving average is $48.65 and its 200-day moving average is $46.23. The company has a market cap of $4.693 billion and a P/E ratio of 18.86. Atmos Energy also was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 805,569 shares, a growth of 57.0% from the March 31st total of 513,126 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 951,760 shares, the short-interest ratio is currently 0.8 days.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Investors of record on Tuesday, May 27th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.87%.
A number of research firms have recently commented on ATO. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Atmos Energy in a research note on Monday, April 21st. They set a “neutral” rating and a $52.00 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Atmos Energy in a research note on Thursday, April 17th. They now have a $49.00 price target on the stock. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Atmos Energy in a research note on Tuesday, March 25th. They now have a $49.00 price target on the stock, down previously from $50.00.
Atmos Energy Corporation (NYSE:ATO) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses.
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