RGC Resources (NASDAQ:RGCO) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

RGC Resources (NASDAQ:RGCO) released its quarterly earnings data on Monday. The energy company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.01, Zacks reports. RGC Resources had a return on equity of 10.91% and a net margin of 13.90%.

RGC Resources Stock Down 0.3 %

NASDAQ RGCO opened at $21.40 on Wednesday. The firm has a market cap of $219.56 million, a PE ratio of 18.45 and a beta of 0.18. RGC Resources has a one year low of $18.25 and a one year high of $24.20. The stock’s 50 day simple moving average is $20.45 and its 200 day simple moving average is $20.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.87 and a quick ratio of 0.52.

RGC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 17th were given a dividend of $0.2075 per share. The ex-dividend date was Friday, January 17th. This is a positive change from RGC Resources’s previous quarterly dividend of $0.20. This represents a $0.83 dividend on an annualized basis and a yield of 3.88%. RGC Resources’s dividend payout ratio is 71.55%.

Analyst Ratings Changes

Separately, StockNews.com upgraded RGC Resources from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th.

About RGC Resources

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.