Analysts expect RGC Resources Inc. (NASDAQ:RGCO) to report $0.10 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for RGC Resources’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.08. RGC Resources reported earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 25%. The company is scheduled to announce its next quarterly earnings results on Monday, July 30th.
On average, analysts expect that RGC Resources will report full-year earnings of $0.91 per share for the current fiscal year, with EPS estimates ranging from $0.90 to $0.91. For the next fiscal year, analysts expect that the business will report earnings of $1.00 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow RGC Resources.
RGC Resources (NASDAQ:RGCO) last posted its quarterly earnings results on Tuesday, May 1st. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.12). RGC Resources had a net margin of 9.65% and a return on equity of 9.29%. The business had revenue of $24.92 million during the quarter, compared to the consensus estimate of $23.20 million.
Several analysts have recently issued reports on RGCO shares. TheStreet raised shares of RGC Resources from a “c+” rating to a “b+” rating in a research report on Friday, March 9th. Zacks Investment Research raised shares of RGC Resources from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Wednesday, April 18th. Janney Montgomery Scott lowered shares of RGC Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. Finally, Seaport Global Securities started coverage on shares of RGC Resources in a research report on Tuesday, April 17th. They issued a “neutral” rating on the stock.
Shares of RGC Resources traded down $0.14, hitting $28.50, during midday trading on Friday, according to MarketBeat Ratings. The company’s stock had a trading volume of 16,615 shares, compared to its average volume of 8,583. RGC Resources has a one year low of $22.16 and a one year high of $31.57. The company has a quick ratio of 0.97, a current ratio of 1.15 and a debt-to-equity ratio of 0.70. The firm has a market cap of $228.46 million, a P/E ratio of 33.14 and a beta of -0.06.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Monday, July 16th will be issued a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, July 13th. RGC Resources’s dividend payout ratio (DPR) is presently 72.09%.
Institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG increased its holdings in RGC Resources by 140.9% during the 4th quarter. Deutsche Bank AG now owns 15,259 shares of the energy company’s stock worth $411,000 after acquiring an additional 8,924 shares during the period. BlackRock Inc. increased its holdings in RGC Resources by 1.2% during the 4th quarter. BlackRock Inc. now owns 287,772 shares of the energy company’s stock worth $7,793,000 after acquiring an additional 3,325 shares during the period. Bank of New York Mellon Corp increased its holdings in RGC Resources by 151.0% during the 4th quarter. Bank of New York Mellon Corp now owns 51,681 shares of the energy company’s stock worth $1,400,000 after acquiring an additional 31,089 shares during the period. Wells Fargo & Company MN increased its holdings in RGC Resources by 86.7% during the 4th quarter. Wells Fargo & Company MN now owns 19,201 shares of the energy company’s stock worth $520,000 after acquiring an additional 8,919 shares during the period. Finally, LPL Financial LLC bought a new stake in RGC Resources during the 1st quarter worth approximately $249,000.
About RGC Resources
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. The company sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. It also provides various unregulated services. The company operates approximately 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.
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