Equities analysts forecast that Atmos Energy Corporation (NYSE:ATO) will post sales of $594.61 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Atmos Energy Corporation’s earnings, with estimates ranging from $514.90 million to $674.31 million. The company is scheduled to announce its next earnings report after the market closes on Wednesday, November 8th.

On average, analysts expect that Atmos Energy Corporation will report full-year sales of $594.61 million for the current financial year, with estimates ranging from $2.81 billion to $2.97 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.28 billion per share, with estimates ranging from $3.19 billion to $3.42 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Atmos Energy Corporation.

Atmos Energy Corporation (NYSE:ATO) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to the consensus estimate of $596.52 million. During the same period last year, the company posted $0.64 earnings per share.

A number of research analysts have commented on the stock. BidaskClub cut shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC set a $84.00 price objective on shares of Atmos Energy Corporation and gave the stock a “sell” rating in a report on Sunday, August 6th. Zacks Investment Research lowered shares of Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Argus raised their price objective on shares of Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Finally, J P Morgan Chase & Co raised their price objective on shares of Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Atmos Energy Corporation presently has a consensus rating of “Buy” and an average price target of $85.67.

In other news, Director Richard A. Sampson acquired 1,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was bought at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the acquisition, the director now owns 3,000 shares in the company, valued at approximately $264,360. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.57% of the company’s stock.

Several institutional investors have recently modified their holdings of ATO. OppenheimerFunds Inc. increased its holdings in shares of Atmos Energy Corporation by 5.4% in the first quarter. OppenheimerFunds Inc. now owns 10,121 shares of the utilities provider’s stock valued at $799,000 after purchasing an additional 515 shares in the last quarter. Teachers Advisors LLC increased its holdings in shares of Atmos Energy Corporation by 30.8% in the first quarter. Teachers Advisors LLC now owns 153,921 shares of the utilities provider’s stock valued at $12,158,000 after purchasing an additional 36,232 shares in the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Atmos Energy Corporation by 11.5% in the first quarter. Thrivent Financial For Lutherans now owns 19,900 shares of the utilities provider’s stock valued at $1,572,000 after purchasing an additional 2,050 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Atmos Energy Corporation by 0.9% in the first quarter. Dimensional Fund Advisors LP now owns 361,657 shares of the utilities provider’s stock valued at $28,567,000 after purchasing an additional 3,341 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Atmos Energy Corporation by 0.4% in the first quarter. Morgan Stanley now owns 594,012 shares of the utilities provider’s stock valued at $46,920,000 after purchasing an additional 2,153 shares in the last quarter. 71.05% of the stock is owned by institutional investors and hedge funds.

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Atmos Energy Corporation (NYSE ATO) opened at 86.58 on Tuesday. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 23.19 and a beta of 0.38. The stock’s 50 day moving average price is $85.90 and its 200 day moving average price is $84.47. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $89.00.

Atmos Energy Corporation Company Profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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