Atmos Energy (ATO:NYE), is set to release its quarterly earnings report on May 3, 2023. Analysts anticipate that the company will report earnings of $2.50 per ATO stock share for the quarter.
Previous Quarter Earnings:
In its last earnings report released on February 8, 2023, Atmos Energy reported an EPS of $1.91 for the quarter, falling short of the estimated $1.93 by $0.02. The company’s revenue for the quarter stood at $1.48 billion, outperforming the expected $1.14 billion.
The previous year’s corresponding quarter had reported an EPS of $1.86. The analysts have forecasted an EPS of $6 for the current fiscal year and the next fiscal year.
ATO Stock Price Analysis:
As of Wednesday, April 26, 2023, ATO stock opened at $116.27. The company’s 52-week low and high stand at $97.71 and $121.92, respectively. It has a current ratio of 1.03, a quick ratio of 0.94, and a debt-to-equity ratio of 0.67.
The market capitalization of Atmos Energy is $16.65 billion, and it has a P/E ratio of 20.36, a PEG ratio of 2.57, and a beta of 0.62. Its 50-day moving average is $113.38, and its 200-day moving average is $112.62.
According to Stock Target Advisor, Atmos Energy currently has an average rating of “Strong Buy,” and the average price target for the stock is $126.07.
ATO Stock Dividend:
Atmos Energy also declared a quarterly dividend of $0.74 per share, which was paid out on March 6, 2023. The dividend payout ratio currently stands at 51.84%.
ATO Stock-Analyst Ratings:
Several brokerage firms have issued their reports on ATO.
Mizuho has given a “buy” rating to the company’s stock, while Citigroup has assigned it a “neutral” rating.
Insider Transactions:
In other news, Kim R. Cocklin, a Director at Atmos Energy, sold 12,500 shares of the company’s stock on February 6, 2023, at an average price of $117.14 per share, amounting to a total value of $1,464,250.00. Following the sale, Cocklin owns 228,846 shares of the company, which are valued at $26,807,020.44. As per the legal filing with the SEC, corporate insiders own 0.50% of the ATO stock.
Hedge Funds & Institutional Holdings:
Several hedge funds have recently modified their holdings in ATO, with Cibc World Market Inc. adding a new stake in Atmos Energy valued at $4,131,000 during Q1 2023.
Dimensional Fund Advisors LP increased its position in the company by 7.1% in the same period, while Aviva PLC raised its position by 77.8%.
Allianz Asset Management GmbH increased its position in ATO by 51.0%, and Prudential PLC acquired a new position in the company worth approximately $494,000.
Company Profile:
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.
As of September 30, 2022, it owned 5,652 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.
