UGI Corporation (NYSE:UGI) Scheduled to Post Quarterly Earnings on Wednesday
UGI Corporation (NYSE:UGI) is scheduled to announce its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
UGI Corporation (NYSE:UGI) last announced its quarterly earnings data on Monday, May 1st. The utilities provider reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.32 by $0.01. UGI Corporation had a net margin of 7.84% and a return on equity of 11.06%. The firm had revenue of $2.17 billion during the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the prior year, the company posted $1.24 EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts expect UGI Corporation to post $2.31 EPS for the current fiscal year and $2.50 EPS for the next fiscal year.
Shares of UGI Corporation (NYSE UGI) opened at 50.68 on Wednesday. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 19.11 and a beta of 0.67. The company has a 50 day moving average of $49.56 and a 200-day moving average of $48.73. UGI Corporation has a one year low of $41.79 and a one year high of $52.00.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.97%. UGI Corporation’s dividend payout ratio (DPR) is presently 38.02%.
In related news, Director Anne Pol sold 6,750 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $50.61, for a total value of $341,617.50. Following the completion of the transaction, the director now owns 12,062 shares of the company’s stock, valued at approximately $610,457.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John L. Walsh sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $50.90, for a total transaction of $2,545,000.00. Following the completion of the transaction, the chief executive officer now directly owns 477,617 shares of the company’s stock, valued at approximately $24,310,705.30. The disclosure for this sale can be found here. Insiders sold a total of 97,250 shares of company stock valued at $4,954,218 in the last three months. 2.20% of the stock is currently owned by corporate insiders.
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Several research firms have recently issued reports on UGI. BidaskClub raised UGI Corporation from a “sell” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded shares of UGI Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, June 21st. Barclays PLC reissued a “sell” rating and issued a $45.00 target price on shares of UGI Corporation in a research note on Friday, July 21st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $46.00 target price on shares of UGI Corporation in a research note on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. UGI Corporation currently has an average rating of “Hold” and a consensus price target of $48.00.
About UGI Corporation
UGI Corporation is a holding company. The Company distributes, stores, transports and markets energy products and related services. It operates through six segments. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P. The UGI France segment consists of the French LPG distribution business of its subsidiaries, Antargaz, Finagaz and its liquefied petroleum gases (LPG) distribution businesses.
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