Atmos Energy (ATO) to Release Quarterly Earnings on Tuesday

Atmos Energy (NYSE:ATO) is anticipated to announce its earnings results after the market closes on Tuesday, February 4th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $919.06 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Atmos Energy Trading Down 0.1 %

NYSE ATO opened at $142.52 on Monday. The business has a 50 day simple moving average of $141.86 and a 200 day simple moving average of $137.82. Atmos Energy has a one year low of $110.46 and a one year high of $152.65. The stock has a market capitalization of $22.15 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.77 and a beta of 0.71. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.94 and a quick ratio of 0.80.

Atmos Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, November 25th were paid a dividend of $0.87 per share. The ex-dividend date was Monday, November 25th. This represents a $3.48 annualized dividend and a yield of 2.44%. This is a boost from Atmos Energy’s previous quarterly dividend of $0.81. Atmos Energy’s dividend payout ratio (DPR) is currently 50.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ATO. StockNews.com upgraded Atmos Energy from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Barclays increased their price objective on Atmos Energy from $129.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Mizuho upped their target price on Atmos Energy from $148.00 to $165.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Atmos Energy from $145.00 to $156.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Finally, Argus upgraded Atmos Energy from a “hold” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Atmos Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $148.75.

Insiders Place Their Bets

In other news, Director Edward Geiser bought 2,500 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $144.89 per share, for a total transaction of $362,225.00. Following the purchase, the director now directly owns 2,602 shares in the company, valued at $377,003.78. This trade represents a 2,450.98 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.48% 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.