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

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

ATO has been the topic of several analyst reports. Zacks Investment Research raised 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. TheStreet cut Atmos Energy from a b rating to a c+ rating in a research report on Tuesday, September 7th. Morgan Stanley decreased their price target on shares of Atmos Energy from $123.00 to $119.00 and set an overweight rating on the stock in a research note on Tuesday, October 19th. Mizuho raised their price target on shares of Atmos Energy from $109.00 to $110.00 and gave the company a buy rating in a research note on Tuesday, August 17th. Finally, Argus lowered shares of Atmos Energy from a buy rating to a hold rating in a research note on Thursday, October 7th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Atmos Energy presently has a consensus rating of Buy and an average price target of $111.25.

Atmos Energy stock traded down $0.31 during trading on Thursday, hitting $95.00. The company had a trading volume of 1,044,391 shares, compared to its average volume of 830,462. Atmos Energy has a 1-year low of $84.59 and a 1-year high of $104.99. The company has a current ratio of 0.81, a quick ratio of 0.76 and a debt-to-equity ratio of 0.62. The company’s 50 day simple moving average is $91.94 and its 200-day simple moving average is $96.42. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 18.41, a price-to-earnings-growth ratio of 2.42 and a beta of 0.46.

Atmos Energy (NYSE:ATO) last posted its earnings results on Wednesday, November 10th. The utilities provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Atmos Energy had a net margin of 19.53% and a return on equity of 8.67%. The firm had revenue of $568.38 million during the quarter, compared to the consensus estimate of $622.75 million. During the same quarter last year, the firm earned $0.53 EPS. As a group, analysts forecast that Atmos Energy will post 5.45 earnings per share for the current fiscal year.

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

An institutional investor recently raised its position in Atmos Energy stock. Morgan Stanley lifted its position in shares of Atmos Energy Co. (NYSE:ATO) by 37.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 911,744 shares of the utilities provider’s stock after acquiring an additional 249,589 shares during the quarter. Morgan Stanley owned 0.70% of Atmos Energy worth $87,627,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 83.13% of the company’s stock.

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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