Atmos Energy (ATO) Updates FY18 Earnings Guidance

Atmos Energy (NYSE:ATO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.85-4.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.83.

Several research firms have issued reports on ATO. Zacks Investment Research upgraded Atmos Energy from a hold rating to a buy rating and set a $103.00 price objective on the stock in a report on Tuesday, December 12th. JPMorgan Chase & Co. lifted their price objective on Atmos Energy from $91.00 to $94.00 and gave the stock an overweight rating in a report on Thursday, October 12th. Finally, Argus dropped their price objective on Atmos Energy from $97.00 to $89.00 and set a buy rating on the stock in a report on Thursday, January 18th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $86.80.

Shares of Atmos Energy (NYSE ATO) opened at $78.03 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.35 and a debt-to-equity ratio of 0.79. Atmos Energy has a twelve month low of $72.58 and a twelve month high of $93.56. The stock has a market capitalization of $8,800.09, a P/E ratio of 20.86, a price-to-earnings-growth ratio of 2.94 and a beta of 0.30.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Tuesday, February 6th. The utilities provider reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.27. During the same period in the prior year, the company earned $1.08 earnings per share. equities analysts anticipate that Atmos Energy will post 3.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.485 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.49%. Atmos Energy’s dividend payout ratio (DPR) is 51.87%.

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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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