UNITIL Corporation (NYSE:UTL) released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04, Bloomberg Earnings reports. UNITIL Corporation had a return on equity of 9.39% and a net margin of 7.09%. The firm had revenue of $475.20 million for the quarter, compared to analyst estimates of $82.80 million. During the same quarter last year, the company posted $0.25 earnings per share. The business’s revenue was down 3.4% on a year-over-year basis.
UNITIL Corporation (NYSE:UTL) traded down $0.68 during mid-day trading on Friday, hitting $50.49. 25,500 shares of the stock were exchanged, compared to its average volume of 37,820. UNITIL Corporation has a 52 week low of $40.40 and a 52 week high of $52.84. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.53 and a current ratio of 0.56. The firm has a market cap of $722.56, a P/E ratio of 25.58 and a beta of 0.21.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be given a $0.36 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.85%. UNITIL Corporation’s payout ratio is currently 72.00%.
UTL has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of UNITIL Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $47.00 price objective on shares of UNITIL Corporation in a research report on Wednesday, October 18th.
UNITIL Corporation Company Profile
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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