Zacks: Analysts Anticipate Atmos Energy Corporation (ATO) Will Post Quarterly Sales of $594.61 Million
Wall Street analysts expect that Atmos Energy Corporation (NYSE:ATO) will announce sales of $594.61 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Atmos Energy’s earnings, with the lowest sales estimate coming in at $514.90 million and the highest estimate coming in at $674.31 million. The company is expected to announce its next quarterly earnings results after the market closes on Wednesday, November 8th.
According to Zacks, analysts expect that Atmos Energy will report full-year sales of $594.61 million for the current financial year, with estimates ranging from $2.76 billion to $2.97 billion. For the next year, analysts anticipate that the business will report sales of $3.38 billion per share, with estimates ranging from $3.23 billion to $3.61 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Atmos Energy.
Atmos Energy (NYSE:ATO) last issued its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. During the same quarter in the prior year, the business posted $0.40 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC lifted its stake in Atmos Energy by 38.1% in the second quarter. Proficio Capital Partners LLC now owns 1,138 shares of the utilities provider’s stock valued at $101,000 after buying an additional 314 shares in the last quarter. Toronto Dominion Bank lifted its stake in Atmos Energy by 13.6% in the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock valued at $107,000 after buying an additional 155 shares in the last quarter. NEXT Financial Group Inc lifted its stake in Atmos Energy by 159.8% in the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock valued at $137,000 after buying an additional 975 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new position in Atmos Energy in the second quarter valued at approximately $216,000. Finally, Private Advisor Group LLC bought a new position in Atmos Energy in the third quarter valued at approximately $223,000. 69.87% of the stock is currently owned by institutional investors and hedge funds.
Atmos Energy (ATO) opened at $92.24 on Friday. The stock has a market cap of $10,235.79, a PE ratio of 25.15, a PEG ratio of 3.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.53 and a quick ratio of 0.35. Atmos Energy has a one year low of $70.27 and a one year high of $92.73.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be paid a dividend of $0.485 per share. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.94 annualized dividend and a yield of 2.10%. Atmos Energy’s dividend payout ratio (DPR) is presently 51.87%.
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About Atmos Energy
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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