Equities analysts expect Atmos Energy Corporation (NYSE:ATO) to post earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Atmos Energy Corporation’s earnings, with estimates ranging from $0.32 to $0.35. Atmos Energy Corporation posted earnings of $0.40 per share during the same quarter last year, which would suggest a negative year over year growth rate of 17.5%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Atmos Energy Corporation will report full year earnings of $3.60 per share for the current year, with EPS estimates ranging from $3.60 to $3.62. For the next financial year, analysts expect that the company will post earnings of $3.82 per share, with EPS estimates ranging from $3.78 to $3.85. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that follow Atmos Energy Corporation.
Atmos Energy Corporation (NYSE:ATO) last issued its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. During the same period last year, the company earned $0.40 earnings per share.
Several brokerages have recently issued reports on ATO. J P Morgan Chase & Co boosted their price objective on Atmos Energy Corporation from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a $77.00 price objective (up from $67.00) on shares of Atmos Energy Corporation in a research report on Friday, September 1st. Argus boosted their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. BidaskClub upgraded Atmos Energy Corporation from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Finally, Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the stock a “sell” rating in a research report on Sunday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. Atmos Energy Corporation has a consensus rating of “Buy” and a consensus price target of $85.67.
Shares of Atmos Energy Corporation (NYSE:ATO) traded down $0.63 during midday trading on Friday, hitting $89.16. The stock had a trading volume of 459,600 shares, compared to its average volume of 359,845. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.53. The firm has a market capitalization of $9,523.63, a P/E ratio of 24.47, a PEG ratio of 3.57 and a beta of 0.38. Atmos Energy Corporation has a fifty-two week low of $69.50 and a fifty-two week high of $90.39.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Investors of record on Monday, November 27th will be issued a dividend of $0.485 per share. This is a boost from Atmos Energy Corporation’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, November 24th. This represents a $1.94 annualized dividend and a yield of 2.18%. Atmos Energy Corporation’s payout ratio is presently 48.13%.
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In other news, Director Richard A. Sampson bought 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The shares were purchased at an average price of $88.12 per share, with a total value of $132,180.00. Following the completion of the acquisition, the director now directly owns 3,000 shares in the company, valued at $264,360. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.57% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN raised its holdings in Atmos Energy Corporation by 14.6% during the third quarter. Wells Fargo & Company MN now owns 386,096 shares of the utilities provider’s stock worth $32,370,000 after purchasing an additional 49,231 shares in the last quarter. Cadence Capital Management LLC raised its holdings in Atmos Energy Corporation by 45.0% during the third quarter. Cadence Capital Management LLC now owns 5,036 shares of the utilities provider’s stock worth $422,000 after purchasing an additional 1,563 shares in the last quarter. Trexquant Investment LP bought a new stake in Atmos Energy Corporation during the third quarter worth approximately $886,000. Legal & General Group Plc raised its holdings in Atmos Energy Corporation by 9.3% during the third quarter. Legal & General Group Plc now owns 516,379 shares of the utilities provider’s stock worth $43,294,000 after purchasing an additional 44,046 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its holdings in Atmos Energy Corporation by 7.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 22,760 shares of the utilities provider’s stock worth $1,908,000 after purchasing an additional 1,500 shares in the last quarter. 70.69% of the stock is currently owned by hedge funds and other institutional investors.
Atmos Energy Corporation 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.
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