Avangrid (NYSE:AGR – Get Free Report) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18, Briefing.com reports. Avangrid had a net margin of 10.80% and a return on equity of 4.37%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.54 billion. During the same quarter in the previous year, the company earned $0.64 EPS. The business’s revenue was down 2.0% on a year-over-year basis.
Avangrid Trading Up 0.3 %
Shares of AGR stock traded up $0.10 on Friday, hitting $36.65. The company had a trading volume of 105,681 shares, compared to its average volume of 912,234. The stock’s 50-day moving average is $34.80 and its two-hundred day moving average is $32.61. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 0.65. The firm has a market cap of $14.18 billion, a P/E ratio of 15.82, a P/E/G ratio of 2.77 and a beta of 0.56. Avangrid has a twelve month low of $27.46 and a twelve month high of $41.22.
Avangrid Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.80%. The ex-dividend date is Friday, May 31st. Avangrid’s dividend payout ratio is currently 76.19%.
Wall Street Analyst Weigh In
Read Our Latest Stock Report on AGR
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
See Also
- Five stocks we like better than Avangrid
- Compound Interest and Why It Matters When Investing
- 3 Stocks Leading the U.S. Agriculture Comeback
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- How to Use Put Debit Spreads to Profit From Falling Stocks
- ESG Stocks, What Investors Should Know
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.