UGI (NYSE:UGI) posted its quarterly earnings results on Monday. The utilities provider reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.03), Fidelity Earnings reports. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.28 billion. UGI had a return on equity of 10.56% and a net margin of 4.46%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.74 earnings per share. UGI updated its FY20 guidance to $2.60-2.90 EPS.
Shares of NYSE UGI traded up $0.72 during mid-day trading on Wednesday, reaching $42.16. The company had a trading volume of 1,276,803 shares, compared to its average volume of 1,375,658. The business’s 50-day moving average is $48.34 and its 200-day moving average is $50.69. The company has a current ratio of 1.08, a quick ratio of 0.94 and a debt-to-equity ratio of 1.03. The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 15.39 and a beta of 0.54. UGI has a 52 week low of $40.52 and a 52 week high of $59.31.
A number of research analysts have recently commented on UGI shares. Barclays restated a “sell” rating and issued a $50.00 price target on shares of UGI in a report on Wednesday, October 16th. TheStreet cut shares of UGI from a “b” rating to a “c+” rating in a report on Tuesday, August 6th. Finally, UBS Group cut their price target on shares of UGI from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. UGI currently has a consensus rating of “Hold” and an average price target of $56.00.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.7 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems and propane-powered generators.
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