Atmos Energy (NYSE:ATO) Releases FY 2022 Earnings Guidance

Atmos Energy (NYSE:ATO) updated its FY 2022 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $5.400-$5.600 for the period, compared to the Thomson Reuters consensus estimate of $5.430. The company issued revenue guidance of -.

Shares of NYSE:ATO traded down $0.31 during mid-day trading on Thursday, reaching $95.00. The stock had a trading volume of 1,044,391 shares, compared to its average volume of 830,462. The firm has a market cap of $12.58 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46. The firm has a 50 day simple moving average of $91.94 and a two-hundred day simple moving average of $96.42. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. Atmos Energy has a twelve month low of $84.59 and a twelve month high of $104.99.

Atmos Energy (NYSE:ATO) last announced its quarterly earnings results on Wednesday, November 10th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.03. The business had revenue of $568.38 million for the quarter, compared to the consensus estimate of $622.75 million. Atmos Energy had a net margin of 19.53% and a return on equity of 8.67%. During the same period last year, the company posted $0.53 EPS. On average, equities analysts anticipate that Atmos Energy will post 5.45 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 13th. Investors of record on Monday, November 29th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 2.86%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, November 26th. Atmos Energy’s dividend payout ratio is presently 48.45%.

Several equities analysts have recently weighed in on ATO shares. Mizuho raised their price target on shares of Atmos Energy from $109.00 to $110.00 and gave the stock a buy rating in a research note on Tuesday, August 17th. TheStreet downgraded Atmos Energy from a b rating to a c+ rating in a report on Tuesday, September 7th. Argus downgraded Atmos Energy from a buy rating to a hold rating in a report on Thursday, October 7th. Zacks Investment Research upgraded Atmos Energy from a hold rating to a buy rating and set a $102.00 price target on the stock in a research report on Monday, September 6th. Finally, Morgan Stanley decreased their target price on Atmos Energy from $123.00 to $119.00 and set an overweight rating on the stock in a research report on Tuesday, October 19th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Atmos Energy currently has a consensus rating of Buy and a consensus price target of $111.25.

An institutional investor recently bought a new position in Atmos Energy stock. Jane Street Group LLC acquired a new stake in shares of Atmos Energy Co. (NYSE:ATO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,443 shares of the utilities provider’s stock, valued at approximately $1,450,000. 83.13% of the stock is currently owned by institutional investors and hedge funds.

Atmos Energy Company Profile

Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations. The Pipeline and Storage segment includes the pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations in Louisiana.

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Earnings History and Estimates for Atmos Energy (NYSE:ATO)

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