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.
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.
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%.
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.
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