Equities research analysts expect that Atmos Energy Co. (NYSE:ATO) will report $0.72 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Atmos Energy’s earnings, with estimates ranging from $0.66 to $0.77. Atmos Energy reported earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 12.5%. The business is expected to report its next earnings report after the market closes on Wednesday, August 7th.
According to Zacks, analysts expect that Atmos Energy will report full year earnings of $4.32 per share for the current financial year, with EPS estimates ranging from $4.28 to $4.39. For the next year, analysts forecast that the business will report earnings of $4.61 per share, with EPS estimates ranging from $4.57 to $4.65. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Atmos Energy.
Atmos Energy (NYSE:ATO) last posted its quarterly earnings data on Tuesday, May 7th. The utilities provider reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.14. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the firm posted $1.57 EPS. The company’s quarterly revenue was down 10.2% on a year-over-year basis.
Separately, Zacks Investment Research raised shares of Hope Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Atmos Energy presently has an average rating of “Hold” and a consensus target price of $102.00.
Shares of NYSE:ATO traded down $0.05 during trading on Thursday, reaching $106.76. The stock had a trading volume of 13,353 shares, compared to its average volume of 1,007,349. The business’s fifty day moving average is $104.55. The company has a current ratio of 0.78, a quick ratio of 0.69 and a debt-to-equity ratio of 0.64. Atmos Energy has a 52 week low of $87.88 and a 52 week high of $108.46. The stock has a market capitalization of $12.52 billion, a PE ratio of 26.73, a price-to-earnings-growth ratio of 3.81 and a beta of 0.25.
Several institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC raised its holdings in shares of Atmos Energy by 1,666.7% in the first quarter. Valeo Financial Advisors LLC now owns 265 shares of the utilities provider’s stock valued at $27,000 after purchasing an additional 250 shares during the last quarter. Hexavest Inc. purchased a new stake in shares of Atmos Energy in the second quarter valued at about $27,000. Cornerstone Advisors Inc. raised its holdings in shares of Atmos Energy by 105.0% in the first quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 146 shares during the last quarter. Lenox Wealth Management Inc. purchased a new stake in shares of Atmos Energy in the first quarter valued at about $31,000. Finally, Phocas Financial Corp. purchased a new stake in shares of Atmos Energy in the fourth quarter valued at about $35,000. 82.12% of the stock is currently owned by hedge funds and other institutional investors.
About Atmos Energy
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
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