Zacks: Brokerages Anticipate ONE Gas, Inc. (OGS) to Announce $0.27 Earnings Per Share
Equities analysts forecast that ONE Gas, Inc. (NYSE:OGS) will report earnings per share (EPS) of $0.27 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for ONE Gas’ earnings. The highest EPS estimate is $0.29 and the lowest is $0.26. ONE Gas posted earnings of $0.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next earnings report on Monday, October 30th.
According to Zacks, analysts expect that ONE Gas will report full-year earnings of $2.99 per share for the current fiscal year, with EPS estimates ranging from $2.95 to $3.00. For the next year, analysts anticipate that the firm will post earnings of $3.12 per share, with EPS estimates ranging from $3.05 to $3.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that that provide coverage for ONE Gas.
ONE Gas (NYSE:OGS) last issued its quarterly earnings data on Monday, July 31st. The utilities provider reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). ONE Gas had a return on equity of 7.98% and a net margin of 10.12%. The business had revenue of $279.69 million during the quarter, compared to analyst estimates of $257.87 million. During the same quarter last year, the firm earned $0.38 EPS. ONE Gas’s revenue for the quarter was up 13.7% compared to the same quarter last year.
OGS has been the subject of a number of research reports. Morgan Stanley increased their target price on shares of ONE Gas from $68.00 to $72.00 and gave the stock an “underperform” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of ONE Gas from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Zacks Investment Research upgraded shares of ONE Gas from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Thursday, July 13th. Finally, Jefferies Group LLC reiterated a “sell” rating and set a $62.00 target price on shares of ONE Gas in a research report on Sunday, September 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $66.17.
Shares of ONE Gas (NYSE OGS) traded down 0.37% during mid-day trading on Friday, reaching $75.03. 27,639 shares of the company’s stock traded hands. ONE Gas has a 12-month low of $55.98 and a 12-month high of $76.06. The firm has a 50-day moving average of $74.52 and a 200 day moving average of $70.42. The company has a market cap of $3.92 billion, a P/E ratio of 26.14 and a beta of 0.11.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 14th were given a dividend of $0.42 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.68 dividend on an annualized basis and a yield of 2.23%. ONE Gas’s dividend payout ratio is presently 58.54%.
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Institutional investors have recently made changes to their positions in the company. Independent Portfolio Consultants Inc. purchased a new stake in shares of ONE Gas in the second quarter worth about $158,000. Heritage Trust Co lifted its holdings in shares of ONE Gas by 41.4% in the second quarter. Heritage Trust Co now owns 2,323 shares of the utilities provider’s stock worth $162,000 after buying an additional 680 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of ONE Gas by 72.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,329 shares of the utilities provider’s stock worth $157,000 after buying an additional 982 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of ONE Gas by 1,953.3% in the second quarter. D.A. Davidson & CO. now owns 2,505 shares of the utilities provider’s stock worth $174,000 after buying an additional 2,383 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of ONE Gas in the second quarter worth about $200,000. 73.10% of the stock is currently owned by hedge funds and other institutional investors.
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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