Zacks: Analysts Anticipate Atmos Energy Co. (NYSE:ATO) Will Post Earnings of $0.46 Per Share

Brokerages expect Atmos Energy Co. (NYSE:ATO) to announce earnings of $0.46 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Atmos Energy’s earnings. The highest EPS estimate is $0.50 and the lowest is $0.39. Atmos Energy reported earnings per share of $0.41 in the same quarter last year, which would suggest a positive year over year growth rate of 12.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that Atmos Energy will report full year earnings of $4.34 per share for the current fiscal year, with EPS estimates ranging from $4.32 to $4.35. For the next fiscal year, analysts anticipate that the firm will report earnings of $4.63 per share, with EPS estimates ranging from $4.60 to $4.67. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Atmos Energy.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, August 7th. The utilities provider reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. Atmos Energy had a return on equity of 9.38% and a net margin of 16.94%. The firm had revenue of $485.74 million for the quarter, compared to analyst estimates of $681.16 million. During the same quarter in the prior year, the company earned $0.64 EPS. Atmos Energy’s revenue was down 13.6% on a year-over-year basis.



Several research firms recently issued reports on ATO. ValuEngine lowered Atmos Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Morgan Stanley decreased their target price on Atmos Energy from $112.00 to $109.00 and set an “overweight” rating on the stock in a research note on Friday, August 16th. Wells Fargo & Co reissued a “buy” rating on shares of Atmos Energy in a research note on Monday, September 2nd. Finally, Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research note on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $105.50.

ATO traded up $0.30 during mid-day trading on Monday, hitting $110.03. 60,145 shares of the stock were exchanged, compared to its average volume of 713,960. The firm’s fifty day moving average is $109.26 and its two-hundred day moving average is $104.43. Atmos Energy has a 1-year low of $87.88 and a 1-year high of $111.90. The company has a current ratio of 0.56, a quick ratio of 0.44 and a debt-to-equity ratio of 0.63. The company has a market cap of $12.94 billion, a PE ratio of 27.51, a PEG ratio of 3.79 and a beta of 0.21.

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, August 23rd. Atmos Energy’s dividend payout ratio is currently 52.50%.

A number of hedge funds have recently bought and sold shares of ATO. Geode Capital Management LLC raised its position in Atmos Energy by 10.4% in the 4th quarter. Geode Capital Management LLC now owns 1,128,952 shares of the utilities provider’s stock valued at $104,610,000 after purchasing an additional 106,370 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Atmos Energy by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 381,964 shares of the utilities provider’s stock valued at $35,412,000 after purchasing an additional 19,329 shares in the last quarter. Parallel Advisors LLC raised its position in Atmos Energy by 108.9% in the 1st quarter. Parallel Advisors LLC now owns 825 shares of the utilities provider’s stock valued at $85,000 after purchasing an additional 430 shares in the last quarter. Cornerstone Advisors Inc. raised its position in Atmos Energy by 105.0% in the 1st quarter. Cornerstone Advisors Inc. now owns 285 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 146 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in Atmos Energy by 3.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 152,578 shares of the utilities provider’s stock valued at $15,705,000 after purchasing an additional 4,785 shares in the last quarter. 83.79% of the stock is currently owned by institutional investors.

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

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