Atmos Energy (ATO) Releases Earnings Results, Beats Expectations By $0.27 EPS

Atmos Energy (NYSE:ATO) released its earnings results on Tuesday. The utilities provider reported $1.40 EPS for the quarter, topping the Zacks’ consensus estimate of $1.13 by $0.27, Bloomberg Earnings reports. During the same period last year, the company posted $1.08 EPS. Atmos Energy updated its FY18 guidance to $3.85-4.05 EPS.

Shares of Atmos Energy (ATO) traded down $1.28 during mid-day trading on Tuesday, reaching $78.03. The company had a trading volume of 1,053,890 shares, compared to its average volume of 729,864. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.35 and a current ratio of 0.53. The stock has a market capitalization of $9,043.09, a PE ratio of 20.86, a P/E/G ratio of 3.03 and a beta of 0.30. Atmos Energy has a 52 week low of $72.58 and a 52 week high of $93.56.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a yield of 2.49%. Atmos Energy’s dividend payout ratio is currently 51.87%.

A number of equities research analysts recently commented on the company. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Tuesday, December 12th. JPMorgan Chase & Co. lifted their target price on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Finally, Argus decreased their target price on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $86.80.

TRADEMARK VIOLATION WARNING: “Atmos Energy (ATO) Releases Earnings Results, Beats Expectations By $0.27 EPS” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.americanbankingnews.com/2018/02/06/atmos-energy-ato-releases-earnings-results-beats-expectations-by-0-27-eps.html.

Atmos Energy Company Profile

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.

Earnings History for Atmos Energy (NYSE:ATO)

Receive News & Ratings for Atmos Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atmos Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply