Brokerages Expect ONE Gas (OGS) Will Announce Earnings of $1.47 Per Share

Equities research analysts predict that ONE Gas (NYSE:OGS) will post earnings per share of $1.47 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for ONE Gas’ earnings, with estimates ranging from $1.42 to $1.55. ONE Gas posted earnings of $1.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 2.1%. The firm is expected to report its next quarterly earnings report after the market closes on Monday, April 30th.

On average, analysts expect that ONE Gas will report full year earnings of $3.11 per share for the current financial year, with EPS estimates ranging from $3.08 to $3.15. For the next year, analysts anticipate that the business will post earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover ONE Gas.

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ONE Gas (NYSE:OGS) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.89. The business had revenue of $462.39 million for the quarter, compared to analyst estimates of $445.30 million. ONE Gas had a net margin of 10.59% and a return on equity of 8.31%. During the same period last year, the company posted $0.80 EPS.



OGS has been the topic of several analyst reports. Zacks Investment Research lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Jefferies Group reaffirmed a “sell” rating and set a $63.00 price target on shares of ONE Gas in a research report on Wednesday, December 20th. Bank of America reaffirmed an “underperform” rating on shares of ONE Gas in a research report on Tuesday, February 27th. Wells Fargo set a $69.00 price target on shares of ONE Gas and gave the company a “hold” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley reduced their price target on shares of ONE Gas from $69.00 to $65.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 13th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $71.60.

Several hedge funds have recently added to or reduced their stakes in OGS. BlackRock Inc. increased its holdings in ONE Gas by 1.2% in the 4th quarter. BlackRock Inc. now owns 5,672,511 shares of the utilities provider’s stock valued at $415,565,000 after purchasing an additional 67,227 shares during the last quarter. Victory Capital Management Inc. increased its holdings in ONE Gas by 0.8% in the 4th quarter. Victory Capital Management Inc. now owns 874,249 shares of the utilities provider’s stock valued at $64,047,000 after purchasing an additional 6,835 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in ONE Gas by 33.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 506,889 shares of the utilities provider’s stock valued at $37,134,000 after purchasing an additional 125,876 shares during the last quarter. William Blair Investment Management LLC increased its holdings in ONE Gas by 15.4% in the 4th quarter. William Blair Investment Management LLC now owns 422,677 shares of the utilities provider’s stock valued at $30,965,000 after purchasing an additional 56,443 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in ONE Gas by 13.7% in the 4th quarter. First Trust Advisors LP now owns 379,858 shares of the utilities provider’s stock valued at $27,828,000 after purchasing an additional 45,649 shares during the last quarter. 74.41% of the stock is currently owned by hedge funds and other institutional investors.

OGS stock opened at $66.77 on Monday. The company has a market cap of $3,493.14, a PE ratio of 22.63, a PEG ratio of 3.84 and a beta of 0.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.68 and a current ratio of 0.87. ONE Gas has a one year low of $62.20 and a one year high of $79.51.

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About ONE Gas

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