Equities analysts forecast that ONE Gas Inc (NYSE:OGS) will report $449.85 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings, with estimates ranging from $433.00 million to $466.70 million. ONE Gas posted sales of $462.39 million during the same quarter last year, which suggests a negative year over year growth rate of 2.7%. The firm is expected to announce its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that ONE Gas will report full year sales of $1.61 billion for the current year, with estimates ranging from $1.54 billion to $1.64 billion. For the next financial year, analysts forecast that the firm will post sales of $1.64 billion, with estimates ranging from $1.57 billion to $1.69 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow ONE Gas.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, October 29th. The utilities provider reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. ONE Gas had a net margin of 10.70% and a return on equity of 8.63%. The company had revenue of $238.28 million during the quarter, compared to analysts’ expectations of $250.60 million. During the same quarter in the previous year, the business posted $0.36 EPS.
NYSE OGS traded up $0.09 on Friday, hitting $83.50. 73,650 shares of the stock were exchanged, compared to its average volume of 245,846. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.44. ONE Gas has a fifty-two week low of $62.20 and a fifty-two week high of $86.54. The stock has a market capitalization of $4.39 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 4.49 and a beta of 0.25.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Friday, November 9th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.20%. ONE Gas’s dividend payout ratio (DPR) is presently 62.37%.
In other ONE Gas news, Director Arcilia Acosta acquired 1,265 shares of the stock in a transaction that occurred on Thursday, August 30th. The shares were purchased at an average cost of $78.94 per share, with a total value of $99,859.10. Following the purchase, the director now owns 2,277 shares in the company, valued at $179,746.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.62% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its holdings in ONE Gas by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 229,627 shares of the utilities provider’s stock valued at $15,160,000 after purchasing an additional 2,652 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of ONE Gas by 6.2% during the 2nd quarter. Bank of Montreal Can now owns 22,727 shares of the utilities provider’s stock worth $1,698,000 after acquiring an additional 1,322 shares during the period. Cornerstone Wealth Management LLC purchased a new position in shares of ONE Gas during the 2nd quarter worth about $404,000. Acadian Asset Management LLC purchased a new position in shares of ONE Gas during the 2nd quarter worth about $142,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of ONE Gas during the 2nd quarter worth about $245,000. 73.43% of the stock is currently owned by hedge funds and other institutional investors.
About ONE Gas
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
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