Atmos Energy (ATO) Set to Announce Earnings on Wednesday

Atmos Energy (NYSE:ATO - Get Free Report) will be announcing 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.Parties interested in registering for the company's conference call can do so using this link.

Atmos Energy (NYSE:ATO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The utilities provider reported $1.08 EPS for the quarter, beating analysts' consensus estimates 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 earned $0.94 EPS. 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 Trading Down 0.6 %

Shares of Atmos Energy stock traded down $0.90 on Wednesday, reaching $139.55. 319,521 shares of the company were exchanged, compared to its average volume of 869,249. Atmos Energy has a fifty-two week low of $106.69 and a fifty-two week high of $144.32. The firm has a market capitalization of $21.05 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.68. The company has a current ratio of 1.73, a quick ratio of 1.57 and a debt-to-equity ratio of 0.65. The stock has a fifty day moving average price of $136.72 and a 200-day moving average price of $125.58.

Atmos Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Shareholders of record on Monday, August 26th were paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Monday, August 26th. Atmos Energy's dividend payout ratio is presently 48.28%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Barclays upped their price target on shares of Atmos Energy from $129.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Wells Fargo & Company lifted their price target on Atmos Energy from $145.00 to $156.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Jefferies Financial Group started coverage on Atmos Energy in a research note on Wednesday, October 2nd. They issued a "hold" rating and a $155.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Atmos Energy from $134.00 to $144.00 and gave the company an "overweight" rating in a report on Thursday, August 15th. Finally, Morgan Stanley raised their price target on shares of Atmos Energy from $128.00 to $140.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company 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.