Avangrid (NYSE:AGR – Get Free Report) issued its earnings results on Tuesday. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.18, Briefing.com reports. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.04 billion. Avangrid had a net margin of 11.35% and a return on equity of 4.87%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share.
Avangrid Price Performance
Shares of AGR traded up $0.05 on Tuesday, reaching $35.72. The stock had a trading volume of 627,819 shares, compared to its average volume of 794,437. Avangrid has a twelve month low of $28.75 and a twelve month high of $37.70. The firm has a market capitalization of $13.82 billion, a PE ratio of 15.44, a PEG ratio of 2.66 and a beta of 0.55. The firm has a 50-day moving average of $35.78 and a 200 day moving average of $35.85. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 0.49.
Avangrid Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.93%. Avangrid’s payout ratio is 76.19%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on Avangrid
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
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