Wall Street brokerages forecast that ONE Gas (NYSE:OGS) will report earnings per share of $1.47 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings. The lowest EPS estimate is $1.42 and the highest is $1.55. ONE Gas reported earnings of $1.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, April 30th.
According to Zacks, analysts expect that ONE Gas will report full year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.15. For the next financial year, analysts anticipate that the firm will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last posted its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.89 EPS for the quarter, meeting analysts’ consensus estimates of $0.89. The company had revenue of $462.39 million for the quarter, compared to analyst estimates of $445.30 million. ONE Gas had a net margin of 10.59% and a return on equity of 8.31%. During the same period in the previous year, the business posted $0.80 earnings per share.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Morgan Stanley dropped their price target on shares of ONE Gas from $69.00 to $65.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 13th. Wells Fargo set a $69.00 price target on shares of ONE Gas and gave the stock a “hold” rating in a research note on Tuesday, February 13th. Finally, Bank of America reiterated an “underperform” rating on shares of ONE Gas in a research note on Tuesday, February 27th. Four analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company’s stock. ONE Gas presently has an average rating of “Hold” and a consensus price target of $71.60.
NYSE OGS traded down $0.12 during trading on Monday, reaching $67.55. The company’s stock had a trading volume of 159,347 shares, compared to its average volume of 229,359. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market cap of $3,540.22, a PE ratio of 22.90, a P/E/G ratio of 3.89 and a beta of 0.15. ONE Gas has a twelve month low of $62.20 and a twelve month high of $79.51.
Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its holdings in ONE Gas by 33.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 506,889 shares of the utilities provider’s stock worth $37,134,000 after buying an additional 125,876 shares in the last quarter. Deutsche Bank AG boosted its holdings in ONE Gas by 69.4% during the fourth quarter. Deutsche Bank AG now owns 284,931 shares of the utilities provider’s stock worth $20,872,000 after buying an additional 116,708 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in ONE Gas during the fourth quarter worth about $6,877,000. BlackRock Inc. boosted its holdings in ONE Gas by 1.2% during the fourth quarter. BlackRock Inc. now owns 5,672,511 shares of the utilities provider’s stock worth $415,565,000 after buying an additional 67,227 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in ONE Gas during the fourth quarter worth about $4,797,000. Institutional investors and hedge funds own 74.41% of the company’s stock.
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About ONE Gas
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