Zacks: Brokerages Expect ONE Gas Inc (OGS) Will Post Quarterly Sales of $446.90 Million
Brokerages forecast that ONE Gas Inc (NYSE:OGS) will post $446.90 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for ONE Gas’ earnings, with the lowest sales estimate coming in at $443.00 million and the highest estimate coming in at $450.80 million. ONE Gas posted sales of $440.75 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.4%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that ONE Gas will report full year sales of $446.90 million for the current financial year, with estimates ranging from $1.47 billion to $1.53 billion. For the next fiscal year, analysts anticipate that the company will report sales of $1.55 billion per share, with estimates ranging from $1.50 billion to $1.57 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last announced its quarterly earnings results on Monday, October 30th. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.08. ONE Gas had a net margin of 10.42% and a return on equity of 8.22%. The company had revenue of $247.14 million during the quarter, compared to analyst estimates of $242.75 million. During the same quarter in the previous year, the business earned $0.24 EPS.
Shares of ONE Gas (OGS) traded down $0.47 during mid-day trading on Friday, hitting $78.78. 155,317 shares of the stock traded hands, compared to its average volume of 156,440. ONE Gas has a one year low of $59.46 and a one year high of $79.51. The firm has a market cap of $4,118.15, a price-to-earnings ratio of 26.35, a price-to-earnings-growth ratio of 4.17 and a beta of 0.11. The company has a quick ratio of 0.73, a current ratio of 1.14 and a debt-to-equity ratio of 0.62.
The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date was Friday, November 10th. ONE Gas’s payout ratio is presently 56.19%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Heritage Trust Co boosted its stake in ONE Gas by 41.4% in the 2nd quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock worth $162,000 after purchasing an additional 680 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ONE Gas by 6.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the utilities provider’s stock worth $172,000 after purchasing an additional 139 shares during the period. D.A. Davidson & CO. boosted its stake in ONE Gas by 1,953.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock worth $174,000 after purchasing an additional 2,383 shares during the period. Janney Montgomery Scott LLC acquired a new position in ONE Gas in the 2nd quarter worth $200,000. Finally, World Asset Management Inc boosted its stake in ONE Gas by 3.9% in the 2nd quarter. World Asset Management Inc now owns 3,332 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 126 shares during the period. 72.79% of the stock is owned by hedge funds and other institutional investors.
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About ONE Gas
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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