Wall Street brokerages predict that WGL Holdings (NYSE:WGL) will announce $1.97 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for WGL’s earnings. The highest EPS estimate is $2.00 and the lowest is $1.95. WGL reported earnings of $1.87 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The firm is expected to announce its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that WGL will report full year earnings of $3.82 per share for the current financial year, with EPS estimates ranging from $3.40 to $4.04. For the next year, analysts anticipate that the firm will post earnings of $4.03 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for WGL.
WGL (NYSE:WGL) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.58. WGL had a return on equity of 12.67% and a net margin of 11.40%. The company had revenue of $652.44 million during the quarter, compared to analyst estimates of $643.30 million.
Separately, Zacks Investment Research upgraded WGL from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Thursday, January 25th.
NYSE:WGL traded down $0.12 during trading hours on Friday, hitting $85.33. 253,042 shares of the stock were exchanged, compared to its average volume of 272,789. WGL has a 52-week low of $80.91 and a 52-week high of $86.89. The company has a current ratio of 0.78, a quick ratio of 0.64 and a debt-to-equity ratio of 1.04. The firm has a market cap of $4,364.50, a P/E ratio of 27.44, a price-to-earnings-growth ratio of 3.71 and a beta of 0.55.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a dividend of $0.515 per share. This is a boost from WGL’s previous quarterly dividend of $0.51. This represents a $2.06 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Monday, April 9th. WGL’s payout ratio is currently 66.24%.
Several institutional investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. boosted its holdings in shares of WGL by 2.8% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 23,644 shares of the utilities provider’s stock worth $2,030,000 after purchasing an additional 637 shares during the last quarter. AMP Capital Investors Ltd boosted its holdings in shares of WGL by 3.3% during the 4th quarter. AMP Capital Investors Ltd now owns 25,251 shares of the utilities provider’s stock worth $2,167,000 after purchasing an additional 800 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of WGL by 6.2% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 15,107 shares of the utilities provider’s stock worth $1,297,000 after purchasing an additional 888 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of WGL by 50.5% during the 4th quarter. Advisor Group Inc. now owns 2,781 shares of the utilities provider’s stock worth $238,000 after purchasing an additional 933 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of WGL by 55.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 979 shares during the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.
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WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.
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