$1.54 EPS Expected for Atmos Energy Co. (ATO) This Quarter

Analysts expect Atmos Energy Co. (NYSE:ATO) to announce earnings per share of $1.54 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Atmos Energy’s earnings. The highest EPS estimate is $1.61 and the lowest is $1.49. Atmos Energy posted earnings per share of $1.52 in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.

On average, analysts expect that Atmos Energy will report full-year earnings of $3.97 per share for the current year, with EPS estimates ranging from $3.86 to $4.02. For the next year, analysts forecast that the business will post earnings of $4.23 per share, with EPS estimates ranging from $4.18 to $4.28. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Atmos Energy.

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Atmos Energy (NYSE:ATO) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.13 by $0.27. During the same period last year, the firm earned $1.08 earnings per share.



Several equities analysts have weighed in on ATO shares. Zacks Investment Research raised Atmos Energy from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, February 20th. Argus dropped their price objective on Atmos Energy from $97.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, January 18th. Bank of America reaffirmed a “buy” rating on shares of Atmos Energy in a report on Tuesday, February 27th. Finally, JPMorgan Chase lifted their price objective on Atmos Energy from $87.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, April 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $85.20.

Institutional investors and hedge funds have recently modified their holdings of the company. Trustcore Financial Services LLC bought a new position in shares of Atmos Energy in the 4th quarter valued at $105,000. Independence Bank of Kentucky bought a new position in shares of Atmos Energy in the 4th quarter valued at $112,000. Cerebellum GP LLC bought a new position in shares of Atmos Energy in the 4th quarter valued at $119,000. Envestnet Asset Management Inc. increased its stake in shares of Atmos Energy by 184.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,603 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 1,039 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Atmos Energy by 273.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,690 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,238 shares during the last quarter. Institutional investors own 72.82% of the company’s stock.

NYSE ATO traded up $0.06 during midday trading on Friday, hitting $84.29. The company had a trading volume of 14,456 shares, compared to its average volume of 612,736. The stock has a market capitalization of $9,372.64, a PE ratio of 23.40, a P/E/G ratio of 3.04 and a beta of 0.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.81 and a quick ratio of 0.64. Atmos Energy has a twelve month low of $76.46 and a twelve month high of $93.56.

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Atmos Energy Company Profile

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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