Atmos Energy (NYSE:ATO) Releases FY 2024 Earnings Guidance

Atmos Energy (NYSE:ATO) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 6.700-6.800 for the period, compared to the consensus earnings per share estimate of 6.600. The company issued revenue guidance of -. Atmos Energy also updated its FY24 guidance to $6.70-6.80 EPS.

Analyst Ratings Changes

A number of research firms have recently commented on ATO. StockNews.com lowered Atmos Energy from a hold rating to a sell rating in a research report on Saturday, April 27th. UBS Group started coverage on shares of Atmos Energy in a report on Friday, April 12th. They set a neutral rating and a $124.00 target price on the stock. Finally, Barclays upped their price target on shares of Atmos Energy from $115.00 to $121.00 and gave the company an equal weight rating in a report on Thursday, March 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $124.33.

Atmos Energy Stock Up 0.2 %

Shares of ATO traded up $0.25 during mid-day trading on Wednesday, hitting $120.59. 980,068 shares of the company’s stock were exchanged, compared to its average volume of 807,761. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.44 and a quick ratio of 1.25. Atmos Energy has a 52 week low of $101.00 and a 52 week high of $125.28. The company has a market cap of $18.19 billion, a PE ratio of 19.10, a P/E/G ratio of 2.58 and a beta of 0.66. The company has a 50-day simple moving average of $116.35 and a 200 day simple moving average of $114.40.

Atmos Energy (NYSE:ATO) last issued its quarterly earnings results on Wednesday, May 8th. The utilities provider reported $2.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.66 by $0.19. Atmos Energy had a net margin of 23.43% and a return on equity of 8.62%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the business earned $2.48 EPS. The company’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts forecast that Atmos Energy will post 6.6 earnings per share for the current fiscal year.

Atmos Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Tuesday, May 28th will be given a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a yield of 2.67%. Atmos Energy’s dividend payout ratio (DPR) is presently 51.11%.

Insider Buying and Selling at Atmos Energy

In related news, Director Kim R. Cocklin sold 15,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $116.46, for a total transaction of $1,746,900.00. Following the transaction, the director now directly owns 186,339 shares in the company, valued at $21,701,039.94. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.50% of the company’s stock.

Atmos Energy 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. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.