Atmos Energy (ATO) Scheduled to Post Quarterly Earnings on Wednesday

Atmos Energy (NYSE:ATO) is scheduled to announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $2.66 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Atmos Energy (NYSE:ATO) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.01). The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.71 billion. Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. During the same period in the previous year, the firm posted $1.91 EPS. On average, analysts expect Atmos Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Atmos Energy Price Performance

Atmos Energy stock opened at $119.32 on Monday. The firm has a market cap of $18.00 billion, a PE ratio of 18.94, a price-to-earnings-growth ratio of 2.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. The stock’s fifty day moving average price is $116.03 and its two-hundred day moving average price is $114.25. Atmos Energy has a one year low of $101.00 and a one year high of $125.28.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, February 26th were given a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Friday, February 23rd. Atmos Energy’s payout ratio is currently 51.11%.

Analyst Upgrades and Downgrades

Several research firms have commented on ATO. UBS Group began coverage on shares of Atmos Energy in a report on Friday, April 12th. They issued a “neutral” rating and a $124.00 target price on the stock. StockNews.com cut Atmos Energy from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Finally, Barclays increased their price objective on shares of Atmos Energy from $115.00 to $121.00 and gave the company an “equal weight” rating in a research note on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and a consensus price target of $124.33.

Insider Activity at Atmos Energy

In other news, Director Kim R. Cocklin sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $116.46, for a total value of $1,746,900.00. Following the completion of the sale, the director now directly owns 186,339 shares in the company, valued at approximately $21,701,039.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Atmos Energy Company Profile

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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.