$0.66 Revenue Per Share Anticipated for Atmos Energy Co. (ATO) This Quarter

$0.66 Revenue Per Share Anticipated for Atmos Energy Co. (ATO) This Quarter

Equities analysts expect Atmos Energy Co. (NYSE:ATO) to post $0.66 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Atmos Energy’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.68. Atmos Energy reported earnings per share of $0.67 during the same quarter last year, which suggests a negative year-over-year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings report on Wednesday, August 2nd.

According to Zacks, analysts expect that Atmos Energy will report full year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.52 to $3.66. For the next year, analysts anticipate that the company will post earnings of $3.77 per share, with EPS estimates ranging from $3.70 to $3.80. Zacks’ EPS calculations are an average based on a survey of research firms that cover Atmos Energy.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.10. During the same quarter last year, the business posted $1.40 EPS.

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $89.00 price objective (up from $88.00) on shares of Atmos Energy in a report on Thursday. Barclays PLC set a $75.00 price objective on shares of Atmos Energy and gave the stock a “sell” rating in a report on Saturday, May 6th. Finally, Zacks Investment Research downgraded shares of Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, March 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $81.83.

Atmos Energy (ATO) traded up 0.54% during midday trading on Tuesday, reaching $84.88. 280,641 shares of the company traded hands. The firm’s 50 day moving average price is $81.26 and its 200 day moving average price is $77.11. The firm has a market capitalization of $8.94 billion, a price-to-earnings ratio of 22.58 and a beta of 0.29. Atmos Energy has a 12 month low of $68.51 and a 12 month high of $85.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 5th. Stockholders of record on Monday, May 22nd will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Thursday, May 18th. Atmos Energy’s payout ratio is 50.14%.

Institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. increased its position in shares of Atmos Energy by 6.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,820 shares of the utilities provider’s stock valued at $955,000 after buying an additional 800 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Atmos Energy by 4.9% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 36,445 shares of the utilities provider’s stock valued at $2,703,000 after buying an additional 1,700 shares in the last quarter. Blackstart Capital LP purchased a new position in shares of Atmos Energy during the fourth quarter valued at about $1,887,000. Luminus Management LLC purchased a new position in shares of Atmos Energy during the fourth quarter valued at about $41,910,000. Finally, Norges Bank purchased a new position in shares of Atmos Energy during the fourth quarter valued at about $49,349,000. 69.86% of the stock is owned by hedge funds and other institutional investors.

About Atmos Energy

Atmos Energy Corporation is engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. The Company operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ATO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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