UNITIL Corporation (NYSE:UTL) is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.14 per share.
For the full year, analysts predict revenues of $ 428.26 million, while looking forward to income of $ 2.20 per share.
Previous Quarter Performance
UNITIL Corporation revealed income for the second quarter of $ 0.21 per share, from the revenue of $ 83.90 million. The quarterly earnings fell 22.22 percent while revenues shrunk 0.59 percent compared with the same quarter last year.
According to street consensus, UTL was expected to report 2Q20 income of $ 0.22 per share from revenue of $ 88.94 million. The bottom line results missed street analysts by $ 0.01 or 4.55 percent, at the same time, top line results fell short of analysts by $ 5.04 million or 5.67 percent.
Stock Performance
Shares of UNITIL Corporation traded low $ -2.38 or -5.97 percent on Wednesday, reaching $ 37.47 with volume of 48.70 thousand shares. UNITIL Corporation has traded high as $ 40.12 and has cracked $ 37.39 on the downward trend
According to the previous trading day, closing price of $ 37.47, representing a 7.24 % increase from the 52 week low of $ 37.16 and a 39.4 % decrease over the 52 week high of $ 65.76.
The company has a market capital of $ 561.95 million and is part of the Utilities sector and Utilities – Diversified industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.375 per share on July 29, 2020. The dividend were payable on August 28, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
UNITIL Corporation will be hosting a conference call at 2:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website unitil.com
Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas in the United States. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area, and in the greater Fitchburg area of north central Massachusetts.
