Wall Street brokerages forecast that ONE Gas Inc (NYSE:OGS) will announce $294.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for ONE Gas’ earnings. The highest sales estimate is $306.00 million and the lowest is $282.60 million. ONE Gas reported sales of $292.52 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.6%. The firm is scheduled to report its next earnings report after the market closes on Monday, July 29th.
On average, analysts expect that ONE Gas will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $1.59 billion to $1.70 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.73 billion, with estimates ranging from $1.70 billion to $1.77 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover ONE Gas.
ONE Gas (NYSE:OGS) last released its earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.73 by $0.03. ONE Gas had a net margin of 10.57% and a return on equity of 8.56%. The business had revenue of $661.00 million for the quarter, compared to analysts’ expectations of $625.25 million. During the same period last year, the company earned $1.72 earnings per share.
Shares of OGS traded down $0.11 during mid-day trading on Friday, hitting $91.24. The company had a trading volume of 113,347 shares, compared to its average volume of 166,006. The business has a 50-day moving average of $90.21. The company has a current ratio of 0.78, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61. ONE Gas has a 1-year low of $74.34 and a 1-year high of $92.66. The company has a market cap of $4.81 billion, a PE ratio of 28.07, a PEG ratio of 4.52 and a beta of 0.34.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. 6 Meridian increased its stake in shares of ONE Gas by 2.1% in the second quarter. 6 Meridian now owns 5,973 shares of the utilities provider’s stock worth $539,000 after buying an additional 121 shares during the last quarter. Arbor Investment Advisors LLC bought a new stake in shares of ONE Gas in the second quarter worth $226,000. Scout Investments Inc. increased its stake in shares of ONE Gas by 7.6% in the second quarter. Scout Investments Inc. now owns 565,066 shares of the utilities provider’s stock worth $51,025,000 after buying an additional 39,744 shares during the last quarter. WINTON GROUP Ltd increased its stake in shares of ONE Gas by 8.6% in the second quarter. WINTON GROUP Ltd now owns 257,609 shares of the utilities provider’s stock worth $23,262,000 after buying an additional 20,467 shares during the last quarter. Finally, Weiss Asset Management LP bought a new stake in shares of ONE Gas in the first quarter worth $208,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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