Zacks: Analysts Expect WGL Holdings (WGL) Will Announce Earnings of $1.97 Per Share

Analysts expect that WGL Holdings (NYSE:WGL) will announce earnings of $1.97 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for WGL’s earnings. The lowest EPS estimate is $1.95 and the highest is $2.00. WGL reported earnings per share of $1.87 during the same quarter last year, which suggests a positive year over year growth rate of 5.3%. The company is expected to issue its next earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that WGL will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $4.04. For the next fiscal year, analysts forecast that the company will report earnings of $4.03 per share, with EPS estimates ranging from $3.90 to $4.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover WGL.

How to Become a New Pot Stock Millionaire

WGL (NYSE:WGL) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $1.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.58. WGL had a return on equity of 12.67% and a net margin of 11.40%. The firm had revenue of $652.44 million during the quarter, compared to analysts’ expectations of $643.30 million.

Separately, Zacks Investment Research lowered WGL from a “buy” rating to a “hold” rating in a research note on Friday, April 20th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WGL. SeaCrest Wealth Management LLC bought a new position in shares of WGL during the 4th quarter valued at approximately $180,000. Exencial Wealth Advisors LLC acquired a new position in shares of WGL during the fourth quarter worth about $201,000. HPM Partners LLC acquired a new position in shares of WGL during the fourth quarter worth about $212,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of WGL by 55.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,735 shares of the utilities provider’s stock worth $235,000 after acquiring an additional 979 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of WGL by 50.5% during the fourth quarter. Advisor Group Inc. now owns 2,781 shares of the utilities provider’s stock worth $238,000 after acquiring an additional 933 shares during the last quarter. 72.65% of the stock is currently owned by institutional investors.

NYSE WGL traded down $0.34 on Friday, reaching $85.15. 153,940 shares of the company were exchanged, compared to its average volume of 270,455. The firm has a market capitalization of $4,386.07, a P/E ratio of 22.47, a price-to-earnings-growth ratio of 3.73 and a beta of 0.55. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.64 and a current ratio of 0.78. WGL has a fifty-two week low of $80.91 and a fifty-two week high of $86.89.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be paid a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, April 9th. This represents a $2.06 dividend on an annualized basis and a yield of 2.42%. This is a positive change from WGL’s previous quarterly dividend of $0.51. WGL’s payout ratio is 66.24%.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this news story on another site, it was illegally copied and republished in violation of international trademark and copyright laws. The correct version of this news story can be read at https://weekherald.com/2018/04/25/zacks-analysts-expect-wgl-holdings-wgl-will-announce-earnings-of-1-97-per-share.html.

WGL Company Profile

WGL Holdings, Inc, through its subsidiaries, sells and delivers natural gas; and provides energy-related products and services. The company operates through four segments: Regulated Utility, Retail Energy-Marketing, Commercial Energy Systems, and Midstream Energy Services. The Regulated Utility segment sells and delivers natural gas to retail customers; and owns full and partial interests in underground natural gas storage facilities, including pipeline delivery facilities located in and around Hampshire County, West Virginia.

Get a free copy of the Zacks research report on WGL (WGL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for WGL (NYSE:WGL)

Receive News & Ratings for WGL Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WGL and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply