Atmos Energy (ATO) Announces Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Atmos Energy (NYSE:ATO) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.05, reports. The firm had revenue of $444.70 million during the quarter, compared to the consensus estimate of $613.41 million. During the same period last year, the company earned $0.34 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. Atmos Energy updated its FY19 guidance to $4.20-4.35 EPS.

NYSE ATO traded down $0.86 during midday trading on Thursday, hitting $95.84. 833,116 shares of the company traded hands, compared to its average volume of 490,515. The company has a current ratio of 0.31, a quick ratio of 0.22 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $10.62 billion, a PE ratio of 26.62, a price-to-earnings-growth ratio of 3.44 and a beta of 0.10. Atmos Energy has a 52 week low of $76.46 and a 52 week high of $98.40.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, November 26th will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.19%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.49. Atmos Energy’s dividend payout ratio (DPR) is 53.89%.

Several brokerages recently issued reports on ATO. Bank of America increased their price objective on Atmos Energy from $94.00 to $101.00 and gave the stock a “buy” rating in a research note on Monday, October 29th. Morgan Stanley set a $103.00 price objective on Atmos Energy and gave the stock a “buy” rating in a research note on Thursday, October 11th. Seaport Global Securities reaffirmed a “buy” rating and set a $98.00 target price on shares of Atmos Energy in a research report on Thursday, August 16th. Zacks Investment Research cut Atmos Energy from a “buy” rating to a “hold” rating in a research report on Monday, October 29th. Finally, ValuEngine raised Atmos Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Atmos Energy has a consensus rating of “Buy” and a consensus target price of $94.38.

In other news, Director Nancy K. Quinn sold 2,000 shares of the stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $93.05, for a total transaction of $186,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Richard W. Douglas sold 35,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $93.04, for a total value of $3,256,400.00. Following the sale, the insider now owns 6,292 shares of the company’s stock, valued at approximately $585,407.68. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by company insiders.

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About Atmos Energy

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in regulated natural gas distribution, and related sales and storage operations.

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Earnings History for Atmos Energy (NYSE:ATO)

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