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.

Several research analysts have recently issued reports on ATO shares. J P Morgan Chase & Co raised their target price on shares of Atmos Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $77.00 target price (up previously from $67.00) on shares of Atmos Energy in a research note on Friday, September 1st. BidaskClub raised shares of Atmos Energy from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Argus lifted their price objective on shares of Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Finally, Zacks Investment Research lowered shares of Atmos Energy from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Atmos Energy currently has an average rating of “Hold” and an average target price of $86.80.

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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Earnings History and Estimates for Atmos Energy (NYSE:ATO)

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