Analysts expect ONE Gas, Inc. (NYSE:OGS – Get Rating) to post $349.50 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings. The lowest sales estimate is $331.09 million and the highest is $367.91 million. ONE Gas posted sales of $315.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10.7%. The business is expected to announce its next earnings report on Monday, January 1st.
On average, analysts expect that ONE Gas will report full year sales of $2.10 billion for the current year, with estimates ranging from $1.88 billion to $2.31 billion. For the next fiscal year, analysts forecast that the company will post sales of $2.18 billion, with estimates ranging from $1.96 billion to $2.39 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover ONE Gas.
ONE Gas (NYSE:OGS – Get Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The utilities provider reported $1.12 EPS for the quarter, hitting analysts’ consensus estimates of $1.12. ONE Gas had a return on equity of 8.90% and a net margin of 9.74%. The firm had revenue of $593.74 million during the quarter, compared to analysts’ expectations of $499.74 million. During the same quarter last year, the business posted $1.09 EPS. The firm’s quarterly revenue was up 22.6% compared to the same quarter last year.
In other news, Director Michael G. Hutchinson sold 750 shares of ONE Gas stock in a transaction dated Friday, March 11th. The stock was sold at an average price of $86.12, for a total value of $64,590.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.38% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in shares of ONE Gas by 4.5% during the 1st quarter. Mackenzie Financial Corp now owns 2,994 shares of the utilities provider’s stock valued at $264,000 after buying an additional 128 shares during the period. Fifth Third Bancorp raised its holdings in shares of ONE Gas by 48.8% during the 4th quarter. Fifth Third Bancorp now owns 421 shares of the utilities provider’s stock valued at $33,000 after buying an additional 138 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of ONE Gas by 1.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 7,906 shares of the utilities provider’s stock valued at $613,000 after buying an additional 141 shares during the period. Benjamin Edwards Inc. raised its holdings in shares of ONE Gas by 3.6% during the 4th quarter. Benjamin Edwards Inc. now owns 4,153 shares of the utilities provider’s stock valued at $322,000 after buying an additional 143 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of ONE Gas by 1.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 13,800 shares of the utilities provider’s stock valued at $1,071,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 81.64% of the company’s stock.
NYSE:OGS traded up $0.18 during mid-day trading on Wednesday, reaching $84.90. The company’s stock had a trading volume of 242,629 shares, compared to its average volume of 277,771. The company’s fifty day simple moving average is $86.73 and its two-hundred day simple moving average is $78.67. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.96 and a quick ratio of 0.93. ONE Gas has a twelve month low of $62.52 and a twelve month high of $92.26. The stock has a market cap of $4.59 billion, a P/E ratio of 21.83, a P/E/G ratio of 4.14 and a beta of 0.52.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, May 13th. ONE Gas’s dividend payout ratio is currently 63.75%.
About ONE Gas (Get Rating)
ONE Gas, Inc, together with its subsidiaries, 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 provides natural gas distribution services to 2.2 million customers in three states.
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