Avangrid (NYSE:AGR) is set to issue its quarterly earnings data before the market opens on Monday, April 23rd. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Avangrid has set its FY18 guidance at $2.22-2.50 EPS.
Avangrid (NYSE:AGR) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. Avangrid had a net margin of 6.39% and a return on equity of 4.48%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect Avangrid to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
AGR opened at $50.73 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.66 and a current ratio of 0.73. Avangrid has a 1-year low of $43.13 and a 1-year high of $53.46. The firm has a market cap of $15,821.07, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 2.35 and a beta of 0.18.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Friday, March 9th were issued a dividend of $0.432 per share. The ex-dividend date was Thursday, March 8th. This represents a $1.73 annualized dividend and a yield of 3.41%. Avangrid’s payout ratio is 78.64%.
AGR has been the topic of several research reports. Zacks Investment Research downgraded shares of Avangrid from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. Goldman Sachs initiated coverage on shares of Avangrid in a report on Wednesday, January 10th. They set a “buy” rating on the stock. Guggenheim set a $55.00 price objective on shares of Avangrid and gave the stock a “buy” rating in a report on Thursday, February 15th. Wells Fargo restated a “market perform” rating and set a $51.00 price objective (down previously from $54.00) on shares of Avangrid in a report on Wednesday, February 21st. Finally, Bank of America restated a “buy” rating and set a $53.00 price objective (up previously from $52.00) on shares of Avangrid in a report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $51.75.
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Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. As of December 31, 2017, the company delivered electricity to approximately 2.2 million electric utility customers, as well as natural gas to approximately 1 million natural gas public utility customers; and owned approximately 67.5 billion cubic feet of net working gas storage capacity.
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