Avangrid (AGR) Issues FY18 Earnings Guidance

Avangrid (NYSE:AGR) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $2.22-2.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.44.

A number of equities analysts have recently commented on AGR shares. Guggenheim set a $55.00 target price on shares of Avangrid and gave the company a buy rating in a research note on Thursday, February 15th. Zacks Investment Research raised shares of Avangrid from a sell rating to a hold rating in a research note on Monday, January 22nd. Goldman Sachs Group started coverage on shares of Avangrid in a research note on Wednesday, January 10th. They issued a buy rating on the stock. TheStreet raised shares of Avangrid from a c rating to a b- rating in a research note on Monday, December 18th. Finally, Wells Fargo & Co downgraded shares of Avangrid from an outperform rating to a market perform rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Avangrid currently has an average rating of Buy and an average target price of $49.90.

Shares of Avangrid (NYSE AGR) traded down $1.02 during mid-day trading on Tuesday, hitting $49.20. 141,635 shares of the stock were exchanged, compared to its average volume of 580,965. Avangrid has a fifty-two week low of $41.33 and a fifty-two week high of $53.46. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.56 and a current ratio of 0.69. The stock has a market cap of $15,520.00 and a P/E ratio of 23.36.

Avangrid (NYSE:AGR) last issued its earnings results on Tuesday, February 20th. The utilities provider reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.04). Avangrid had a net margin of 11.23% and a return on equity of 4.60%. The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $0.67 EPS. The business’s revenue was up 2.8% on a year-over-year basis. equities analysts forecast that Avangrid will post 2.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 9th will be paid a dividend of $0.432 per share. This represents a $1.73 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Thursday, March 8th. Avangrid’s dividend payout ratio (DPR) is 80.47%.

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Avangrid Company Profile

Avangrid, Inc is an energy and utility company. The Company operates through three segments: Networks, Renewables and Gas. The Networks segment includes all the energy transmission and distribution activities, and any other regulated activity originating in New York and Maine, and regulated electric distribution, electric transmission and gas distribution activities originating in Connecticut and Massachusetts.

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