Brokerages Expect ONE Gas, Inc. (OGS) Will Post Earnings of $0.27 Per Share
Analysts expect that ONE Gas, Inc. (NYSE:OGS) will report earnings of $0.27 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for ONE Gas’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.29. ONE Gas posted earnings per share of $0.24 in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The firm is scheduled to report its next earnings results on Monday, October 30th.
On average, analysts expect that ONE Gas will report full year earnings of $2.99 per share for the current year, with EPS estimates ranging from $2.95 to $3.00. For the next fiscal year, analysts expect that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.05 to $3.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover ONE Gas.
ONE Gas (NYSE:OGS) last issued its quarterly earnings results on Monday, July 31st. The utilities provider reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). ONE Gas had a net margin of 10.12% and a return on equity of 7.98%. The company had revenue of $279.69 million for the quarter, compared to analyst estimates of $257.87 million. During the same period last year, the company posted $0.38 earnings per share. The business’s revenue for the quarter was up 13.7% on a year-over-year basis.
A number of analysts have commented on OGS shares. BidaskClub lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Saturday, June 24th. Zacks Investment Research lowered ONE Gas from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Morgan Stanley boosted their price objective on ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a report on Thursday, August 10th. Finally, Jefferies Group LLC reissued a “sell” rating and set a $62.00 price objective on shares of ONE Gas in a report on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $66.17.
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A number of institutional investors and hedge funds have recently modified their holdings of OGS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of ONE Gas by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,654 shares of the utilities provider’s stock valued at $534,000 after acquiring an additional 23 shares in the last quarter. World Asset Management Inc grew its holdings in shares of ONE Gas by 0.8% in the first quarter. World Asset Management Inc now owns 3,206 shares of the utilities provider’s stock valued at $217,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE grew its holdings in shares of ONE Gas by 0.4% in the second quarter. US Bancorp DE now owns 7,589 shares of the utilities provider’s stock valued at $530,000 after acquiring an additional 28 shares in the last quarter. Capstone Asset Management Co. grew its holdings in shares of ONE Gas by 1.0% in the second quarter. Capstone Asset Management Co. now owns 4,152 shares of the utilities provider’s stock valued at $290,000 after acquiring an additional 40 shares in the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of ONE Gas by 1.3% in the second quarter. Suntrust Banks Inc. now owns 6,241 shares of the utilities provider’s stock valued at $435,000 after acquiring an additional 81 shares in the last quarter. 73.16% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas (NYSE:OGS) traded up 0.63% on Friday, reaching $75.31. The company had a trading volume of 324,560 shares. The stock has a 50-day moving average price of $74.52 and a 200-day moving average price of $70.42. ONE Gas has a 12 month low of $55.98 and a 12 month high of $76.06. The stock has a market cap of $3.94 billion, a PE ratio of 26.24 and a beta of 0.11.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Thursday, August 10th. ONE Gas’s dividend payout ratio is currently 58.54%.
About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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