Atmos Energy (ATO) Set to Announce Earnings on Wednesday

Atmos Energy (NYSE:ATO) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Atmos Energy to post earnings of $0.84 per share for the quarter. Atmos Energy has set its FY24 guidance at $6.70-6.80 EPS and its FY 2024 guidance at 6.800-6.800 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Atmos Energy had a return on equity of 8.94% and a net margin of 25.09%. The company had revenue of $701.55 million during the quarter, compared to the consensus estimate of $924.75 million. During the same period last year, the business posted $0.94 earnings per share. On average, analysts expect Atmos Energy to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Atmos Energy Stock Down 0.7 %

Shares of NYSE:ATO opened at $140.45 on Wednesday. Atmos Energy has a 1 year low of $105.51 and a 1 year high of $144.32. The company has a market capitalization of $21.19 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 2.83 and a beta of 0.68. The business has a fifty day moving average price of $136.49 and a two-hundred day moving average price of $125.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.73 and a quick ratio of 1.57.

Atmos Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Monday, August 26th were given a dividend of $0.805 per share. The ex-dividend date was Monday, August 26th. This represents a $3.22 annualized dividend and a yield of 2.29%. Atmos Energy’s payout ratio is currently 48.28%.

Analysts Set New Price Targets

ATO has been the topic of a number of research analyst reports. Barclays boosted their target price on shares of Atmos Energy from $129.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. LADENBURG THALM/SH SH upped their price objective on Atmos Energy from $144.00 to $150.50 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on Atmos Energy from $134.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Jefferies Financial Group started coverage on Atmos Energy in a research report on Wednesday, October 2nd. They set a “hold” rating and a $155.00 price target on the stock. Finally, StockNews.com lowered Atmos Energy from a “hold” rating to a “sell” rating in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, Atmos Energy presently has a consensus rating of “Hold” and an average price target of $143.94.

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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.