Avangrid (AGR) Scheduled to Post Quarterly Earnings on Thursday

Avangrid (NYSE:AGR) is scheduled to be releasing its earnings data before the market opens on Thursday, February 8th. Analysts expect Avangrid to post earnings of $0.65 per share for the quarter.

Shares of Avangrid (AGR) opened at $48.72 on Thursday. The company has a quick ratio of 0.56, a current ratio of 0.69 and a debt-to-equity ratio of 0.31. The firm has a market cap of $14,770.45, a P/E ratio of 22.66, a P/E/G ratio of 2.39 and a beta of 0.56. Avangrid has a fifty-two week low of $37.69 and a fifty-two week high of $53.46.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Monday, December 11th were issued a $0.432 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend was Friday, December 8th. Avangrid’s dividend payout ratio is currently 80.47%.

A number of brokerages recently weighed in on AGR. Wells Fargo & Co lowered shares of Avangrid from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Avangrid from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. TheStreet raised shares of Avangrid from a “c” rating to a “b-” rating in a report on Monday, December 18th. Bank of America began coverage on shares of Avangrid in a report on Tuesday, October 24th. They issued a “buy” rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price target on shares of Avangrid from $43.00 to $47.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.63.

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Avangrid Company Profile

Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.

Earnings History for Avangrid (NYSE:AGR)

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