UGI Corporation (NYSE:UGI) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS
UGI Corporation (NYSE:UGI) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.07, Bloomberg Earnings reports. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.18 billion. UGI Corporation had a net margin of 7.84% and a return on equity of 11.06%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share.
UGI Corporation (UGI) traded down 0.33% during midday trading on Wednesday, reaching $50.76. The company’s stock had a trading volume of 547,545 shares. The stock has a 50-day moving average price of $49.63 and a 200 day moving average price of $48.93. The company has a market cap of $8.79 billion, a PE ratio of 19.14 and a beta of 0.67. UGI Corporation has a 12 month low of $41.79 and a 12 month high of $52.00.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Shareholders 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 yield of 1.97%. The ex-dividend date is Thursday, September 14th. UGI Corporation’s payout ratio is presently 38.02%.
In other UGI Corporation news, insider Joseph L. Hartz sold 15,000 shares of the firm’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $51.65, for a total value of $774,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roger B. Vincent sold 25,500 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $50.70, for a total transaction of $1,292,850.00. Following the completion of the transaction, the director now directly owns 20,266 shares of the company’s stock, valued at $1,027,486.20. 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 over the last quarter. 2.20% of the stock is owned by company insiders.
UGI has been the subject of several recent research reports. Zacks Investment Research upgraded UGI Corporation from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Wednesday, April 12th. Barclays PLC cut their price target on UGI Corporation from $44.00 to $43.00 and set an “underweight” rating for the company in a research note on Tuesday, May 2nd. BidaskClub cut UGI Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $46.00 price target on shares of UGI Corporation in a research note on Wednesday, April 19th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $48.00.
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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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