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.

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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)

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