Atmos Energy (ATO) Set to Announce Quarterly Earnings on Wednesday

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Atmos Energy (NYSE:ATO) will be posting its quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Atmos Energy to post earnings of $0.72 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Tuesday, May 7th. The utilities provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.14. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Atmos Energy had a return on equity of 9.60% and a net margin of 16.19%. Atmos Energy’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business earned $1.57 earnings per share. On average, analysts expect Atmos Energy to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of ATO stock opened at $106.94 on Tuesday. The firm’s 50 day moving average is $107.11. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.69 and a current ratio of 0.78. The stock has a market capitalization of $12.72 billion, a PE ratio of 26.74, a P/E/G ratio of 3.81 and a beta of 0.22. Atmos Energy has a twelve month low of $87.88 and a twelve month high of $110.93.

Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $114.00 price target for the company in a research report on Wednesday, July 24th. Wells Fargo & Co assumed coverage on Atmos Energy in a research report on Monday, July 15th. They set an “outperform” rating and a $119.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.00.

Atmos Energy Company Profile

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

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Earnings History for Atmos Energy (NYSE:ATO)

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