Zacks: Analysts Anticipate Atmos Energy Co. (NYSE:ATO) Will Post Earnings of $0.72 Per Share

Equities analysts expect that Atmos Energy Co. (NYSE:ATO) will post earnings per share of $0.72 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Atmos Energy’s earnings. The highest EPS estimate is $0.77 and the lowest is $0.66. Atmos Energy reported earnings of $0.64 per share in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The firm is scheduled to report its next earnings results on Wednesday, August 14th.

According to Zacks, analysts expect that Atmos Energy will report full year earnings of $4.32 per share for the current year, with EPS estimates ranging from $4.28 to $4.39. For the next year, analysts anticipate that the company will post earnings of $4.61 per share, with EPS estimates ranging from $4.57 to $4.65. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that cover Atmos Energy.

Atmos Energy (NYSE:ATO) last released its earnings results on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.14. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.29 billion. Atmos Energy had a net margin of 16.19% and a return on equity of 9.60%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the firm posted $1.57 earnings per share.

Separately, Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Atmos Energy presently has a consensus rating of “Hold” and an average price target of $102.00.

Several institutional investors have recently added to or reduced their stakes in ATO. Oregon Public Employees Retirement Fund grew its position in Atmos Energy by 9,596.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,233,224 shares of the utilities provider’s stock valued at $46,000 after purchasing an additional 4,189,568 shares in the last quarter. BlackRock Inc. grew its position in Atmos Energy by 20.0% during the fourth quarter. BlackRock Inc. now owns 13,525,109 shares of the utilities provider’s stock valued at $1,254,048,000 after purchasing an additional 2,251,627 shares in the last quarter. FMR LLC grew its position in Atmos Energy by 68.7% during the fourth quarter. FMR LLC now owns 3,369,172 shares of the utilities provider’s stock valued at $312,389,000 after purchasing an additional 1,371,891 shares in the last quarter. GQG Partners LLC purchased a new position in Atmos Energy during the fourth quarter valued at approximately $79,554,000. Finally, Ronna Sue Cohen grew its position in Atmos Energy by 10,247.3% during the first quarter. Ronna Sue Cohen now owns 752,350 shares of the utilities provider’s stock valued at $752,000 after purchasing an additional 745,079 shares in the last quarter. 82.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Atmos Energy stock traded down $0.58 during trading on Monday, hitting $104.41. The stock had a trading volume of 4,311 shares, compared to its average volume of 656,145. The company has a market cap of $12.28 billion, a P/E ratio of 26.13, a price-to-earnings-growth ratio of 3.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.78 and a quick ratio of 0.69. Atmos Energy has a 1 year low of $84.84 and a 1 year high of $105.19.

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Tuesday, May 28th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.01%. The ex-dividend date was Friday, May 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 52.50%.

About Atmos Energy

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.

See Also: What is a Fibonacci Channel?

Get a free copy of the Zacks research report on Atmos Energy (ATO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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