Atmos Energy Corporation (ATO) Set to Announce Earnings on Wednesday
Atmos Energy Corporation (NYSE:ATO) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect Atmos Energy Corporation to post earnings of $0.34 per share for the quarter.
Atmos Energy Corporation (NYSE:ATO) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The firm had revenue of $526.50 million during the quarter, compared to the consensus estimate of $596.52 million. During the same quarter last year, the company posted $0.64 EPS. On average, analysts expect Atmos Energy Corporation to post $3.61 EPS for the current fiscal year and $3.83 EPS for the next fiscal year.
Atmos Energy Corporation (NYSE:ATO) opened at 87.24 on Wednesday. The firm has a 50-day moving average price of $85.81 and a 200-day moving average price of $84.71. Atmos Energy Corporation has a 12-month low of $68.51 and a 12-month high of $89.00. The company has a market cap of $9.25 billion, a P/E ratio of 23.36 and a beta of 0.38.
In related news, Director Richard A. Sampson purchased 1,500 shares of Atmos Energy Corporation stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $88.12 per share, with a total value of $132,180.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $264,360. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.57% of the company’s stock.
Several equities research analysts have weighed in on ATO shares. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Argus upped their target price on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research cut Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 target price (up from $67.00) on shares of Atmos Energy Corporation in a report on Friday, September 1st. Finally, J P Morgan Chase & Co upped their target price on Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Atmos Energy Corporation presently has an average rating of “Buy” and an average target price of $85.67.
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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