Atmos Energy Corporation (NYSE:ATO) is reporting fourth quarter earnings results on Wednesday 11th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.51 per share.
For the full year, analysts predict revenues of $ 3045.64 million, while looking forward to income of $ 4.70 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 4.58 ~ $ 4.73 per share
Click Here For More Historical Outlooks Of Atmos Energy Corporation
Previous Quarter Performance
Atmos Energy Corporation reported income for the third quarter of $ 0.79 per share, from the revenue of $ 493.00 million. Wall street analysts are predicting, ATO to report 3Q20 income of $ 0.76 per share from revenue of $ 580.96 million. The bottom line results beat street analysts by $ 0.03 or 3.95 percent, at the same time, top line results fell short of analysts by $ 87.96 million or 15.14 percent.
Stock Performance
Shares of Atmos Energy Corporation traded up $ 4.66 or 4.77 percent on Tuesday, reaching $ 102.45 with volume of 1.25 million shares. Atmos Energy Corporation has traded high as $ 102.95 and has cracked $ 98.06 on the downward trend
The closing price of $ 102.45, representing a 25.50 % increase from the 52 week low of $ 77.92 and a 19.24 % decrease over the 52 week high of $ 121.08.
The company has a market capital of $ 12.64 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 93.00 target price.
- On 25th September 2020, maintained by Mizuho at Neutral rating, with $ 99.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 88.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.575 per share on August 5, 2020. The dividend were payable on September 8, 2020 to holders of record as of the close of business on August 24, 2020 and ex-dividend date on August 21, 2020.
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 Distribution, and Pipeline and Storage segments. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.
