Wall Street brokerages expect Atmos Energy Co. (NYSE:ATO) to post $0.67 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Atmos Energy’s earnings, with estimates ranging from $0.61 to $0.70. Atmos Energy also reported earnings per share of $0.67 in the same quarter last year. The business is expected to report its next earnings report on Wednesday, August 1st.

On average, analysts expect that Atmos Energy will report full year earnings of $3.98 per share for the current fiscal year, with EPS estimates ranging from $3.91 to $4.05. For the next year, analysts expect that the firm will post earnings of $4.25 per share, with EPS estimates ranging from $4.18 to $4.32. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Atmos Energy.

Atmos Energy (NYSE:ATO) last released its earnings results on Wednesday, May 2nd. The utilities provider reported $1.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.03. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.11 billion. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share.

Several analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Atmos Energy from $87.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. Citigroup upped their price objective on Atmos Energy from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Tuesday, June 12th. Morgan Stanley dropped their price objective on Atmos Energy from $94.00 to $91.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 13th. Finally, Bank of America restated a “buy” rating on shares of Atmos Energy in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $87.14.

Shares of ATO traded up $0.26 during trading hours on Friday, hitting $89.11. 621,153 shares of the company were exchanged, compared to its average volume of 515,060. The firm has a market cap of $9.87 billion, a P/E ratio of 24.75, a price-to-earnings-growth ratio of 3.19 and a beta of 0.25. Atmos Energy has a fifty-two week low of $76.46 and a fifty-two week high of $93.56. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.40 and a current ratio of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 4th. Investors of record on Monday, May 21st were given a dividend of $0.485 per share. The ex-dividend date was Friday, May 18th. This represents a $1.94 annualized dividend and a dividend yield of 2.18%. Atmos Energy’s dividend payout ratio is currently 53.89%.

Several hedge funds have recently made changes to their positions in the stock. Aperio Group LLC lifted its position in shares of Atmos Energy by 0.8% during the 1st quarter. Aperio Group LLC now owns 71,767 shares of the utilities provider’s stock worth $6,046,000 after buying an additional 572 shares during the last quarter. State Treasurer State of Michigan raised its position in Atmos Energy by 1.5% in the first quarter. State Treasurer State of Michigan now owns 40,400 shares of the utilities provider’s stock valued at $3,403,000 after purchasing an additional 600 shares during the last quarter. Commonwealth Equity Services LLC raised its position in Atmos Energy by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 16,065 shares of the utilities provider’s stock valued at $1,353,000 after purchasing an additional 663 shares during the last quarter. Whittier Trust Co. raised its position in Atmos Energy by 1.5% in the first quarter. Whittier Trust Co. now owns 53,854 shares of the utilities provider’s stock valued at $4,537,000 after purchasing an additional 776 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Atmos Energy by 27.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,736 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 814 shares during the last quarter. Institutional investors and hedge funds own 73.70% of the company’s stock.

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

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