Analysts AwaitAtmos Energy Co. (ATO) Will Publish Quarterly Sales of $596.52 Million

Analysts AwaitAtmos Energy Co. (ATO) Will Publish Quarterly Sales of $596.52 Million

Wall Street analysts predict that Atmos Energy Co. (NYSE:ATO) will post $596.52 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Atmos Energy’s earnings. The lowest sales estimate is $563.30 million and the highest is $629.73 million. Atmos Energy posted sales of -$999.00 million during the same quarter last year, which suggests a positive year over year growth rate of 159.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 2nd.

On average, analysts expect that Atmos Energy will report full year sales of $596.52 million for the current year, with estimates ranging from $2.65 billion to $2.85 billion. For the next financial year, analysts expect that the business will post sales of $3.22 billion per share, with estimates ranging from $3.04 billion to $3.44 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Atmos Energy.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $1.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.10. During the same quarter in the previous year, the company earned $1.40 EPS.

A number of equities analysts have commented on ATO shares. Zacks Investment Research upgraded shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a report on Monday, February 13th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $89.00 target price (up from $88.00) on shares of Atmos Energy in a report on Thursday. Finally, Barclays PLC set a $75.00 target price on shares of Atmos Energy and gave the stock a “sell” rating in a report on Saturday, May 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $81.83.

Shares of Atmos Energy (ATO) traded up 0.54% during mid-day trading on Thursday, reaching $84.88. 280,641 shares of the company traded hands. The firm has a 50 day moving average of $81.40 and a 200-day moving average of $77.21. Atmos Energy has a 52 week low of $68.51 and a 52 week high of $85.98. The stock has a market capitalization of $8.94 billion, a PE ratio of 22.58 and a beta of 0.29.

The business 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. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. Atmos Energy’s dividend payout ratio (DPR) is currently 50.14%.

Several institutional investors have recently bought and sold shares of ATO. ETRADE Capital Management LLC increased its position in Atmos Energy by 0.8% in the third quarter. ETRADE Capital Management LLC now owns 2,759 shares of the utilities provider’s stock valued at $205,000 after buying an additional 22 shares during the period. Advisor Partners LLC increased its position in Atmos Energy by 1.0% in the first quarter. Advisor Partners LLC now owns 2,777 shares of the utilities provider’s stock valued at $219,000 after buying an additional 28 shares during the period. Lbmc Investment Advisors LLC increased its position in Atmos Energy by 0.6% in the third quarter. Lbmc Investment Advisors LLC now owns 5,262 shares of the utilities provider’s stock valued at $392,000 after buying an additional 29 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Atmos Energy by 0.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,809 shares of the utilities provider’s stock valued at $1,249,000 after buying an additional 74 shares during the period. Finally, Nordea Investment Management AB increased its position in Atmos Energy by 5.1% in the first quarter. Nordea Investment Management AB now owns 2,256 shares of the utilities provider’s stock valued at $178,000 after buying an additional 109 shares during the period. Hedge funds and other institutional investors own 69.86% of the company’s stock.

Atmos Energy Company Profile

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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