Equities analysts expect RGC Resources Inc. (NASDAQ:RGCO) to post sales of $12.55 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for RGC Resources’ earnings, with estimates ranging from $12.10 million to $13.00 million. RGC Resources posted sales of $11.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 7th.

On average, analysts expect that RGC Resources will report full year sales of $69.55 million for the current year, with estimates ranging from $69.10 million to $70.00 million. For the next financial year, analysts anticipate that the company will report sales of $72.20 million, with estimates ranging from $71.40 million to $73.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for RGC Resources.

RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings data on Monday, April 29th. The energy company reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.10. The company had revenue of $25.28 million for the quarter, compared to analysts’ expectations of $25.60 million. RGC Resources had a return on equity of 10.93% and a net margin of 12.99%.

A number of research analysts have commented on RGCO shares. Zacks Investment Research cut RGC Resources from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 6th. Janney Montgomery Scott upgraded RGC Resources from a “neutral” rating to a “buy” rating in a research note on Friday, May 10th.

Shares of RGCO traded down $0.45 during midday trading on Tuesday, reaching $27.23. 3,681 shares of the company were exchanged, compared to its average volume of 4,246. The stock has a market cap of $222.70 million, a PE ratio of 28.66 and a beta of -0.35. RGC Resources has a 1-year low of $24.16 and a 1-year high of $31.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.73.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Monday, July 15th will be paid a $0.165 dividend. This represents a $0.66 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Friday, July 12th. RGC Resources’s dividend payout ratio (DPR) is 16.84%.

In related news, COO C James Shockley, Jr. sold 1,469 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $28.00, for a total value of $41,132.00. Following the transaction, the chief operating officer now owns 8,297 shares in the company, valued at $232,316. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 7.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of RGC Resources by 1.0% in the third quarter. Vanguard Group Inc. now owns 290,295 shares of the energy company’s stock worth $7,754,000 after acquiring an additional 2,952 shares in the last quarter. BlackRock Inc. increased its holdings in RGC Resources by 0.7% in the third quarter. BlackRock Inc. now owns 356,328 shares of the energy company’s stock valued at $9,517,000 after buying an additional 2,630 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in RGC Resources in the fourth quarter valued at about $218,000. Dimensional Fund Advisors LP increased its holdings in RGC Resources by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 110,244 shares of the energy company’s stock valued at $2,944,000 after buying an additional 6,736 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in RGC Resources in the third quarter valued at about $296,000.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.

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