Wall Street brokerages expect Atmos Energy Corporation (NYSE:ATO) to post $594.61 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Atmos Energy Corporation’s earnings, with estimates ranging from $514.90 million to $674.31 million. The company is expected to report its next earnings report on Wednesday, November 8th.
According to Zacks, analysts expect that Atmos Energy Corporation will report full year sales of $594.61 million for the current year, with estimates ranging from $2.81 billion to $2.97 billion. For the next financial year, analysts expect that the firm will report sales of $3.26 billion per share, with estimates ranging from $3.12 billion to $3.42 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Atmos Energy Corporation.
Atmos Energy Corporation (NYSE:ATO) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.01. The company had revenue of $526.50 million for the quarter, compared to analyst estimates of $596.52 million. During the same period in the previous year, the business posted $0.64 EPS.
A number of equities research analysts recently commented on ATO shares. Barclays PLC set a $84.00 price objective on Atmos Energy Corporation and gave the company a “sell” rating in a report on Sunday, August 6th. Argus upped their price objective on Atmos Energy Corporation from $92.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, August 23rd. BidaskClub downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $77.00 price objective (up previously from $67.00) on shares of Atmos Energy Corporation in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded Atmos Energy Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $86.14.
Shares of Atmos Energy Corporation (NYSE:ATO) opened at 87.13 on Friday. The stock’s 50 day moving average is $87.58 and its 200-day moving average is $83.19. The firm has a market cap of $9.24 billion, a P/E ratio of 23.33 and a beta of 0.40. Atmos Energy Corporation has a 52-week low of $68.51 and a 52-week high of $89.00.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Monday, August 21st were issued a $0.45 dividend. The ex-dividend date was Thursday, August 17th. This represents a $1.80 dividend on an annualized basis and a yield of 2.07%. Atmos Energy Corporation’s dividend payout ratio is presently 48.13%.
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In related news, Director Richard A. Sampson acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was acquired at an average price of $88.12 per share, for a total transaction of $132,180.00. Following the completion of the acquisition, the director now owns 3,000 shares of the company’s stock, valued at approximately $264,360. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.57% of the company’s stock.
Several institutional investors have recently made changes to their positions in the business. Intl Fcstone Inc. bought a new stake in shares of Atmos Energy Corporation in the second quarter worth about $763,000. Toronto Dominion Bank increased its holdings in shares of Atmos Energy Corporation by 13.6% in the second quarter. Toronto Dominion Bank now owns 1,293 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 155 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Atmos Energy Corporation in the second quarter worth about $486,000. BB&T Investment Services Inc. bought a new stake in shares of Atmos Energy Corporation in the second quarter worth about $376,000. Finally, Ameritas Investment Partners Inc. increased its holdings in shares of Atmos Energy Corporation by 1.7% in the second quarter. Ameritas Investment Partners Inc. now owns 37,803 shares of the utilities provider’s stock worth $3,135,000 after acquiring an additional 634 shares in the last quarter. Institutional investors own 71.06% of the company’s stock.
Atmos Energy Corporation Company Profile
Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes 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.
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