Unitil Corp. (UTL) Set to Announce Earnings on Thursday
Unitil Corp. (NYSE:UTL) is scheduled to be posting its quarterly earnings results on Thursday, October 20th. Individual interested in participating in the company’s earnings conference call can do so using this link.
Unitil Corp. (NYSE:UTL) last posted its earnings results on Thursday, July 21st. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm earned $73 million during the quarter, compared to analyst estimates of $79.90 million. Unitil Corp. had a net margin of 6.47% and a return on equity of 8.58%. During the same period in the previous year, the firm earned $0.12 EPS. On average, analysts expect Unitil Corp. to post $1.81 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Unitil Corp. (NYSE:UTL) opened at 38.38 on Wednesday. Unitil Corp. has a 12-month low of $33.75 and a 12-month high of $45.16. The stock has a market capitalization of $539.32 million, a price-to-earnings ratio of 21.98 and a beta of 0.18. The stock’s 50 day moving average is $38.94 and its 200 day moving average is $40.68.
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A number of large investors have recently bought and sold shares of UTL. BlackRock Inc. increased its stake in Unitil Corp. by 292.7% in the second quarter. BlackRock Inc. now owns 4,622 shares of the company’s stock valued at $197,000 after buying an additional 3,445 shares in the last quarter. Barclays PLC increased its stake in Unitil Corp. by 781.3% in the second quarter. Barclays PLC now owns 4,715 shares of the company’s stock valued at $201,000 after buying an additional 4,180 shares in the last quarter. BlackRock Advisors LLC increased its stake in Unitil Corp. by 3.3% in the second quarter. BlackRock Advisors LLC now owns 7,146 shares of the company’s stock valued at $305,000 after buying an additional 227 shares in the last quarter. BlackRock Group LTD increased its stake in Unitil Corp. by 37.4% in the second quarter. BlackRock Group LTD now owns 7,186 shares of the company’s stock valued at $306,000 after buying an additional 1,957 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Unitil Corp. by 8.4% in the second quarter. Sei Investments Co. now owns 7,781 shares of the company’s stock valued at $332,000 after buying an additional 606 shares in the last quarter. Institutional investors own 58.09% of the company’s stock.
Separately, Zacks Investment Research raised Unitil Corp. from a “sell” rating to a “hold” rating in a report on Thursday, September 22nd.
About Unitil Corp.
Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. It operates through three segments: utility gas operations, utility electric operations and non-regulated.
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