Unitil (UTL) Announces Quarterly Earnings Results

Unitil (NYSE:UTL) issued its quarterly earnings data on Thursday. The utilities provider reported $0.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.12, MarketWatch Earnings reports. Unitil had a net margin of 7.65% and a return on equity of 9.65%. The company had revenue of $88.20 million during the quarter, compared to the consensus estimate of $86.90 million.

Shares of UTL stock traded down $1.21 during mid-day trading on Friday, reaching $48.61. 28,915 shares of the company were exchanged, compared to its average volume of 32,886. Unitil has a fifty-two week low of $40.92 and a fifty-two week high of $53.07. The company has a current ratio of 0.87, a quick ratio of 0.81 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $740.67 million, a P/E ratio of 21.85, a PEG ratio of 6.11 and a beta of -0.07.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Wednesday, November 14th. Unitil’s payout ratio is currently 70.87%.



A number of analysts have recently weighed in on UTL shares. Bank of America raised their price target on shares of Unitil from $47.00 to $49.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 1st. Zacks Investment Research raised shares of Unitil from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research report on Tuesday, July 24th.

About Unitil

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.

Featured Story: Marijuana Stocks Future Looks Bright

Earnings History for Unitil (NYSE:UTL)

Receive News & Ratings for Unitil Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Unitil and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply