RGC Resources (RGCO) Expected to Announce Quarterly Earnings on Tuesday

RGC Resources (NASDAQ:RGCO - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $26.00 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

RGC Resources Stock Performance

RGCO traded up $0.30 during trading on Friday, hitting $21.00. 8,235 shares of the stock were exchanged, compared to its average volume of 11,573. The firm has a market capitalization of $215.46 million, a P/E ratio of 18.10 and a beta of 0.18. RGC Resources has a 1-year low of $18.25 and a 1-year high of $24.20. The stock has a fifty day moving average price of $20.45 and a two-hundred day moving average price of $20.76. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 1.26.

RGC Resources Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, February 1st. Investors of record on Friday, January 17th were given a $0.2075 dividend. This is an increase from RGC Resources's previous quarterly dividend of $0.20. The ex-dividend date was Friday, January 17th. This represents a $0.83 annualized dividend and a yield of 3.95%. RGC Resources's dividend payout ratio is 71.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded RGC Resources from a "sell" rating to a "hold" rating in a research note on Thursday.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.