UNITIL Corporation (UTL) Scheduled to Post Earnings on Wednesday
UNITIL Corporation (NYSE:UTL) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 18th. Analysts expect UNITIL Corporation to post earnings of $0.21 per share for the quarter.
UNITIL Corporation (NYSE:UTL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.02. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same quarter in the previous year, the business posted $0.18 EPS. On average, analysts expect UNITIL Corporation to post $2.00 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.
UNITIL Corporation (NYSE UTL) opened at 51.46 on Wednesday. UNITIL Corporation has a 12-month low of $37.41 and a 12-month high of $52.20. The firm has a market cap of $726.36 million, a price-to-earnings ratio of 24.73 and a beta of 0.21. The company’s 50 day moving average is $49.87 and its 200 day moving average is $48.61.
Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of UNITIL Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Royal Bank Of Canada restated a “hold” rating and set a $47.00 price target on shares of UNITIL Corporation in a research note on Tuesday, August 15th.
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UNITIL Corporation Company Profile
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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