RGC Resources (RGCO) Set to Announce Quarterly Earnings on Monday

RGC Resources (NASDAQ:RGCO) is scheduled to issue its quarterly earnings data after the market closes on Monday, February 5th.

RGC Resources (NASDAQ:RGCO) last released its earnings results on Wednesday, November 15th. The energy company reported $0.02 EPS for the quarter. RGC Resources had a return on equity of 10.52% and a net margin of 10.01%. The firm had revenue of $10.17 million during the quarter. On average, analysts expect RGC Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RGC Resources (NASDAQ:RGCO) opened at $23.32 on Friday. RGC Resources has a one year low of $16.83 and a one year high of $31.99. The company has a market capitalization of $176.90 and a price-to-earnings ratio of 28.69. The company has a current ratio of 1.09, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Tuesday, January 16th were paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a yield of 2.66%. This is a boost from RGC Resources’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, January 12th. RGC Resources’s payout ratio is presently 72.37%.

Separately, Janney Montgomery Scott initiated coverage on RGC Resources in a research note on Wednesday, December 20th. They set a “neutral” rating and a $29.00 target price for the company.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RGCO. State Street Corp acquired a new position in RGC Resources during the 2nd quarter worth $1,950,000. Vanguard Group Inc. lifted its holdings in RGC Resources by 56.0% during the 2nd quarter. Vanguard Group Inc. now owns 42,896 shares of the energy company’s stock worth $1,215,000 after buying an additional 15,393 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in RGC Resources during the 2nd quarter worth about $334,000.

ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/02/03/rgc-resources-rgco-set-to-announce-quarterly-earnings-on-monday.html.

RGC Resources Company Profile

RGC Resources, Inc (Resources) is an energy services company. The Company is engaged in the regulated sale and distribution of natural gas to residential, commercial and industrial customers in Roanoke, Virginia, and the surrounding localities, through its Roanoke Gas Company (Roanoke Gas) subsidiary.

Earnings History for RGC Resources (NASDAQ:RGCO)

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

Leave a Reply