Wall Street analysts expect that RGC Resources Inc. (NASDAQ:RGCO) will announce earnings per share (EPS) of $0.32 for the current quarter, according to Zacks. Two analysts have issued estimates for RGC Resources’ earnings. RGC Resources posted earnings of $0.25 per share during the same quarter last year, which would suggest a positive year over year growth rate of 28%. The company is expected to announce its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that RGC Resources will report full-year earnings of $1.03 per share for the current year, with EPS estimates ranging from $1.02 to $1.04. For the next financial year, analysts expect that the company will post earnings of $1.10 per share, with EPS estimates ranging from $1.08 to $1.11. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover RGC Resources.
RGC Resources (NASDAQ:RGCO) last released its quarterly earnings data on Thursday, November 15th. The energy company reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.07. RGC Resources had a return on equity of 9.40% and a net margin of 11.14%. The business had revenue of $9.97 million during the quarter, compared to analyst estimates of $10.40 million.
NASDAQ:RGCO traded down $0.20 during midday trading on Wednesday, reaching $29.90. 52 shares of the company traded hands, compared to its average volume of 9,775. RGC Resources has a twelve month low of $22.16 and a twelve month high of $31.33. The firm has a market capitalization of $238.51 million, a P/E ratio of 30.79 and a beta of -0.24. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.65 and a quick ratio of 0.29.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Tuesday, January 15th will be given a dividend of $0.165 per share. The ex-dividend date is Monday, January 14th. This represents a $0.66 dividend on an annualized basis and a yield of 2.21%. This is a positive change from RGC Resources’s previous quarterly dividend of $0.16. RGC Resources’s payout ratio is currently 49.47%.
In other RGC Resources news, VP Robert L. Wells II sold 2,431 shares of the business’s stock in a transaction on Friday, December 14th. The stock was sold at an average price of $28.00, for a total transaction of $68,068.00. Following the completion of the transaction, the vice president now owns 13,980 shares in the company, valued at approximately $391,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Robert L. Wells II sold 1,000 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $28.00, for a total value of $28,000.00. Following the transaction, the vice president now owns 12,549 shares of the company’s stock, valued at approximately $351,372. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 215 shares of company stock valued at $6,154 and have sold 7,187 shares valued at $201,005. Insiders own 7.30% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers purchased a new position in RGC Resources in the second quarter valued at about $206,000. Bank of America Corp DE boosted its position in RGC Resources by 59.6% during the second quarter. Bank of America Corp DE now owns 7,095 shares of the energy company’s stock valued at $207,000 after acquiring an additional 2,650 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in RGC Resources during the second quarter valued at $212,000. First Trust Advisors LP bought a new stake in RGC Resources during the second quarter valued at $227,000. Finally, Renaissance Technologies LLC bought a new stake in RGC Resources during the third quarter valued at $296,000.
About RGC Resources
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.
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