UGI (NYSE:UGI) Releases FY24 Earnings Guidance

UGI (NYSE:UGI) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.70-3.00 for the period, compared to the consensus estimate of $2.27. UGI also updated its FY 2024 guidance to 2.700-3.000 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of UGI from an overweight rating to an equal weight rating and lifted their price target for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. Mizuho lifted their price target on shares of UGI from $26.00 to $27.00 and gave the stock a neutral rating in a research report on Wednesday, April 17th. StockNews.com cut shares of UGI from a buy rating to a hold rating in a research report on Thursday, April 18th. Finally, TheStreet raised shares of UGI from a d+ rating to a c- rating in a research report on Wednesday, February 21st.

UGI Stock Up 1.3 %

Shares of NYSE:UGI traded up $0.34 during midday trading on Wednesday, reaching $25.90. 1,809,308 shares of the company were exchanged, compared to its average volume of 2,046,394. UGI has a fifty-two week low of $20.19 and a fifty-two week high of $33.74. The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 1.59. The stock has a fifty day simple moving average of $24.60 and a two-hundred day simple moving average of $23.44. The firm has a market cap of $5.43 billion, a PE ratio of -11.57 and a beta of 1.16.

UGI (NYSE:UGI) last issued its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. The business had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.98 billion. As a group, sell-side analysts forecast that UGI will post 2.9 earnings per share for the current year.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.