UGI (NYSE:UGI – Get Free Report) posted its quarterly earnings results on Wednesday. The utilities provider reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.32, Briefing.com reports. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $3.07 billion. UGI had a negative net margin of 0.89% and a positive return on equity of 16.18%. UGI’s quarterly revenue was down 20.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.68 earnings per share. UGI updated its FY24 guidance to $2.70-3.00 EPS and its FY 2024 guidance to 2.700-3.000 EPS.
UGI Trading Up 0.3 %
UGI stock opened at $24.30 on Friday. UGI has a 52-week low of $20.19 and a 52-week high of $32.50. The business has a fifty day moving average of $24.63 and a two-hundred day moving average of $23.48. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79.
UGI Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a $0.375 dividend. The ex-dividend date is Friday, June 14th. This represents a $1.50 annualized dividend and a yield of 6.17%. UGI’s payout ratio is -365.84%.
Analyst Ratings Changes
Read Our Latest Stock Report on UGI
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.
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