Equities research analysts forecast that ONE Gas Inc (NYSE:OGS) will report earnings of $1.46 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for ONE Gas’ earnings, with the highest EPS estimate coming in at $1.55 and the lowest estimate coming in at $1.41. ONE Gas posted earnings of $1.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 1.4%. The company is expected to report its next quarterly earnings results on Monday, May 7th.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $3.11 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.15. For the next financial year, analysts expect that the business will report earnings of $3.27 per share, with EPS estimates ranging from $3.20 to $3.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.89. ONE Gas had a return on equity of 8.31% and a net margin of 10.59%. The firm had revenue of $462.39 million for the quarter, compared to analysts’ expectations of $445.30 million. During the same quarter last year, the business earned $0.80 earnings per share.
Several large investors have recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. acquired a new stake in ONE Gas in the 4th quarter valued at approximately $156,000. Cornerstone Capital Management Holdings LLC. acquired a new stake in ONE Gas in the 4th quarter valued at approximately $205,000. Signition LP acquired a new stake in ONE Gas in the 4th quarter valued at approximately $211,000. Zeke Capital Advisors LLC acquired a new stake in ONE Gas in the 4th quarter valued at approximately $238,000. Finally, Virtu Financial LLC acquired a new stake in ONE Gas in the 4th quarter valued at approximately $240,000. Institutional investors and hedge funds own 74.44% of the company’s stock.
ONE Gas (NYSE:OGS) opened at $65.04 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.61. ONE Gas has a 1-year low of $62.20 and a 1-year high of $79.51. The stock has a market capitalization of $3,383.27, a PE ratio of 21.12, a price-to-earnings-growth ratio of 3.71 and a beta of 0.18.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 2.83%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from ONE Gas’s previous quarterly dividend of $0.42. ONE Gas’s payout ratio is 59.74%.
ONE Gas Company Profile
ONE Gas, Inc is a regulated natural gas distribution utility in the United States. The Company provides natural gas distribution services. The Company distributes natural gas in Oklahoma, Kansas and Texas. The Company serves residential, commercial and industrial, transportation and wholesale and public authority customers.
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