Zacks: Analysts Expect Atmos Energy Co. (ATO) Will Announce Quarterly Sales of $594.61 Million

Equities analysts expect Atmos Energy Co. (NYSE:ATO) to post $594.61 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Atmos Energy’s earnings, with the highest sales estimate coming in at $674.31 million and the lowest estimate coming in at $514.90 million. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, November 8th.

On average, analysts expect that Atmos Energy will report full year sales of $594.61 million for the current year, with estimates ranging from $2.76 billion to $2.97 billion. For the next financial year, analysts anticipate that the company will post sales of $3.38 billion per share, with estimates ranging from $3.23 billion to $3.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Atmos Energy.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, November 8th. The utilities provider reported $0.34 earnings per share for the quarter, meeting the consensus estimate of $0.34. During the same period last year, the business posted $0.40 earnings per share.

A number of research firms have recently commented on ATO. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Tuesday, December 12th. Argus raised their price target on Atmos Energy from $92.00 to $97.00 and gave the stock a “buy” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co raised their price target on Atmos Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 12th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a $77.00 price target (up previously from $67.00) on shares of Atmos Energy in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $89.50.

Atmos Energy (NYSE ATO) opened at $87.19 on Wednesday. The firm has a market capitalization of $9,838.74, a PE ratio of 24.17, a price-to-earnings-growth ratio of 3.32 and a beta of 0.40. The company has a quick ratio of 0.35, a current ratio of 0.53 and a debt-to-equity ratio of 0.79. Atmos Energy has a one year low of $72.54 and a one year high of $93.56.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, November 27th were given a dividend of $0.485 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.23%. This is a positive change from Atmos Energy’s previous quarterly dividend of $0.45. Atmos Energy’s dividend payout ratio (DPR) is currently 51.87%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its position in shares of Atmos Energy by 13.6% during the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after purchasing an additional 155 shares during the period. NEXT Financial Group Inc grew its holdings in shares of Atmos Energy by 159.8% during the third quarter. NEXT Financial Group Inc now owns 1,585 shares of the utilities provider’s stock worth $137,000 after buying an additional 975 shares in the last quarter. Carnegie Capital Asset Management LLC bought a new position in shares of Atmos Energy during the second quarter worth about $216,000. Private Advisor Group LLC bought a new position in shares of Atmos Energy during the third quarter worth about $223,000. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Atmos Energy by 72.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,922 shares of the utilities provider’s stock worth $242,000 after buying an additional 1,224 shares in the last quarter. 67.80% of the stock is currently owned by institutional investors.

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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.

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Earnings History and Estimates for Atmos Energy (NYSE:ATO)

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