UGI (NYSE:UGI) Releases FY 2022 Earnings Guidance

UGI (NYSE:UGI) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $3.050-$3.250 for the period, compared to the Thomson Reuters consensus estimate of $3.220. The company issued revenue guidance of -.

Shares of NYSE UGI traded up $0.26 during mid-day trading on Thursday, reaching $44.91. The company had a trading volume of 1,101,987 shares, compared to its average volume of 934,961. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.22 and a current ratio of 1.40. UGI has a one year low of $33.86 and a one year high of $48.55. The firm has a market cap of $9.39 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 1.73 and a beta of 0.98. The business’s 50-day simple moving average is $44.02 and its 200 day simple moving average is $45.44.

UGI (NYSE:UGI) last issued its quarterly earnings results on Thursday, November 18th. The utilities provider reported ($0.33) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.07). UGI had a return on equity of 14.51% and a net margin of 13.33%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the previous year, the business posted ($0.14) EPS. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, sell-side analysts anticipate that UGI will post 3.04 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 1st. Shareholders of record on Wednesday, December 15th will be given a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Tuesday, December 14th. UGI’s dividend payout ratio is presently 30.53%.

UGI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded UGI from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Tuesday. Wells Fargo & Company initiated coverage on UGI in a research report on Wednesday, October 20th. They issued an equal weight rating and a $46.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Buy and an average price target of $46.75.

A hedge fund recently raised its stake in UGI stock. Morgan Stanley grew its position in shares of UGI Co. (NYSE:UGI) by 89.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 595,360 shares of the utilities provider’s stock after purchasing an additional 281,166 shares during the quarter. Morgan Stanley owned approximately 0.28% of UGI worth $27,572,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 80.38% of the company’s stock.

About UGI

UGI Corp. operates as a holding company that engages in the distribution, storage, transport, and marketing of energy products and services. It operates through the following segments: AmeriGas Propane; UGI International; Midstream and Marketing; and UGI Utilities. The AmeriGas Propane segment consists of the propane distribution business of AmeriGas Partners, L.P.

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Earnings History and Estimates for UGI (NYSE:UGI)

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