RGC Resources (RGCO) Set to Announce Quarterly Earnings on Monday

RGC Resources (NASDAQ:RGCO) is scheduled to be announcing its earnings results after the market closes on Monday, February 5th.

RGC Resources (NASDAQ:RGCO) last released its quarterly earnings results on Wednesday, November 15th. The energy company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $10.17 million during the quarter. RGC Resources had a return on equity of 10.52% and a net margin of 10.01%. On average, analysts expect RGC Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of RGC Resources (NASDAQ:RGCO) opened at $25.78 on Monday. The stock has a market capitalization of $188.14, a PE ratio of 30.09 and a beta of 0.08. RGC Resources has a 52 week low of $16.83 and a 52 week high of $31.99. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.48 and a current ratio of 1.09.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Tuesday, January 16th will be paid a dividend of $0.155 per share. This is an increase from RGC Resources’s previous quarterly dividend of $0.15. This represents a $0.62 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, January 12th. RGC Resources’s payout ratio is currently 72.37%.

Separately, Janney Montgomery Scott started coverage on RGC Resources in a research note on Wednesday, December 20th. They set a “neutral” rating and a $29.00 price target for the company.

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of RGC Resources by 56.0% during the 2nd quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock valued at $1,215,000 after acquiring an additional 15,393 shares during the period. State Street Corp bought a new position in shares of RGC Resources during the 2nd quarter valued at approximately $1,950,000. Finally, California State Teachers Retirement System bought a new position in shares of RGC Resources during the 2nd quarter valued at approximately $334,000.

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About RGC Resources

RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.

Earnings History for RGC Resources (NASDAQ:RGCO)

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