Atmos Energy (NYSE:ATO) Issues Earnings Results

Atmos Energy (NYSE:ATO) announced its earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.27, Bloomberg Earnings reports. During the same quarter in the previous year, the business posted $1.08 EPS. Atmos Energy updated its FY18 guidance to $3.85-4.05 EPS.

Atmos Energy (NYSE:ATO) opened at $80.24 on Thursday. Atmos Energy has a 12 month low of $74.47 and a 12 month high of $93.56. The company has a quick ratio of 0.64, a current ratio of 0.81 and a debt-to-equity ratio of 0.67. The stock has a market cap of $8,923.26, a P/E ratio of 20.46, a P/E/G ratio of 2.90 and a beta of 0.30.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a $0.485 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $1.94 dividend on an annualized basis and a yield of 2.42%. Atmos Energy’s dividend payout ratio is currently 35.60%.

Several research analysts have weighed in on the stock. Argus lowered their target price on shares of Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a research note on Thursday, January 18th. Zacks Investment Research raised shares of Atmos Energy from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Friday, January 5th. JPMorgan Chase & Co. lowered their target price on shares of Atmos Energy from $101.00 to $90.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Finally, Barclays set a $80.00 target price on shares of Atmos Energy and gave the stock an “underweight” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $84.60.

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Atmos Energy Company Profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

Earnings History for Atmos Energy (NYSE:ATO)

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