Atmos Energy (ATO) Set to Announce Quarterly Earnings on Wednesday

Atmos Energy (NYSE:ATO) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Atmos Energy (NYSE:ATO) last released its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.03. The company had revenue of $701.55 million during the quarter, compared to the consensus estimate of $924.75 million. Atmos Energy had a return on equity of 8.94% and a net margin of 25.09%. During the same quarter in the prior year, the firm 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 0.5 %

Shares of NYSE:ATO opened at $137.67 on Tuesday. The firm has a market cap of $21.37 billion, a P/E ratio of 20.22, a P/E/G ratio of 2.77 and a beta of 0.68. The business has a fifty day simple moving average of $137.41 and a 200 day simple moving average of $126.29. The company has a quick ratio of 1.57, a current ratio of 1.73 and a debt-to-equity ratio of 0.65. Atmos Energy has a 12-month low of $107.82 and a 12-month high of $144.32.

Atmos Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were issued a dividend of $0.805 per share. The ex-dividend date was Monday, August 26th. This represents a $3.22 dividend on an annualized basis and a yield of 2.34%. Atmos Energy’s payout ratio is currently 47.28%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ATO. Morgan Stanley lifted their price objective on shares of Atmos Energy from $128.00 to $140.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. upped their price objective on shares of Atmos Energy from $134.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Barclays increased their price objective on shares of Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Jefferies Financial Group initiated coverage on Atmos Energy in a research report on Wednesday, October 2nd. They issued a “hold” rating and a $155.00 target price for the company. Finally, LADENBURG THALM/SH SH increased their price target on Atmos Energy from $144.00 to $150.50 and gave the stock a “buy” rating in a report on Wednesday, October 2nd. One 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 company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $143.94.

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 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.