Equities research analysts expect Atmos Energy Co. (NYSE:ATO) to announce $642.13 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Atmos Energy’s earnings, with the highest sales estimate coming in at $700.45 million and the lowest estimate coming in at $583.80 million. Atmos Energy posted sales of $464.88 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.1%. The company is scheduled to report its next earnings report on Monday, November 12th.

According to Zacks, analysts expect that Atmos Energy will report full year sales of $3.29 billion for the current financial year, with estimates ranging from $3.16 billion to $3.46 billion. For the next fiscal year, analysts expect that the company will report sales of $3.56 billion, with estimates ranging from $3.32 billion to $3.83 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Atmos Energy.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 8th. The utilities provider reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.04). The company had revenue of $562.25 million during the quarter, compared to analysts’ expectations of $622.30 million. During the same period in the previous year, the company posted $0.67 earnings per share. Atmos Energy’s revenue for the quarter was up 6.8% on a year-over-year basis.

A number of equities research analysts have commented on ATO shares. Morgan Stanley raised Atmos Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $102.00 to $104.00 in a report on Friday. Seaport Global Securities reissued a “buy” rating and issued a $98.00 target price on shares of Atmos Energy in a report on Thursday, August 16th. Zacks Investment Research downgraded Atmos Energy from a “buy” rating to a “hold” rating in a report on Tuesday, July 17th. Barclays raised their target price on Atmos Energy from $80.00 to $90.00 and gave the company an “underweight” rating in a report on Wednesday, July 11th. Finally, Citigroup raised their target price on Atmos Energy from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Atmos Energy currently has an average rating of “Buy” and an average price target of $93.43.

In other Atmos Energy news, insider Richard W. Douglas sold 35,000 shares of the firm’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $93.04, for a total value of $3,256,400.00. Following the completion of the sale, the insider now owns 6,292 shares of the company’s stock, valued at $585,407.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Nancy K. Quinn sold 2,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $93.05, for a total value of $186,100.00. The disclosure for this sale can be found here. 1.41% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd purchased a new position in shares of Atmos Energy in the second quarter valued at $111,000. IBM Retirement Fund purchased a new position in shares of Atmos Energy in the first quarter valued at $202,000. Eagle Global Advisors LLC purchased a new position in shares of Atmos Energy in the second quarter valued at $207,000. Carnegie Capital Asset Management LLC purchased a new position in shares of Atmos Energy in the second quarter valued at $209,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Atmos Energy in the second quarter valued at $210,000. 74.56% of the stock is owned by institutional investors.

Shares of NYSE ATO traded down $0.40 during mid-day trading on Thursday, hitting $93.50. 399,500 shares of the company were exchanged, compared to its average volume of 495,290. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.31 and a quick ratio of 0.22. Atmos Energy has a 1-year low of $76.46 and a 1-year high of $95.21. The company has a market cap of $10.45 billion, a PE ratio of 26.14, a P/E/G ratio of 3.66 and a beta of 0.11.

The firm also recently announced a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 27th were issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Friday, August 24th. Atmos Energy’s dividend payout ratio (DPR) is currently 53.89%.

About Atmos Energy

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 regulated natural gas distribution, and related sales and storage operations.

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