Analysts expect RGC Resources Inc. (NASDAQ:RGCO) to report $0.05 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for RGC Resources’ earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. RGC Resources posted earnings per share of $0.09 during the same quarter last year, which indicates a negative year-over-year growth rate of 44.4%. The firm is expected to announce its next quarterly earnings results on Thursday, November 21st.
On average, analysts expect that RGC Resources will report full year earnings of $1.06 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.07. For the next financial year, analysts expect that the business will post earnings of $1.11 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow RGC Resources.
RGC Resources (NASDAQ:RGCO) last announced its earnings results on Wednesday, July 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $11.68 million during the quarter, compared to analysts’ expectations of $12.55 million. RGC Resources had a net margin of 13.10% and a return on equity of 10.81%.
Separately, Zacks Investment Research cut shares of RGC Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
Large investors have recently bought and sold shares of the company. Bank of Montreal Can raised its position in shares of RGC Resources by 231.2% in the second quarter. Bank of Montreal Can now owns 914 shares of the energy company’s stock valued at $27,000 after buying an additional 638 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in shares of RGC Resources by 526.4% in the first quarter. BNP Paribas Arbitrage SA now owns 1,541 shares of the energy company’s stock valued at $41,000 after buying an additional 1,295 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of RGC Resources in the second quarter valued at approximately $222,000. GYL Financial Synergies LLC acquired a new position in shares of RGC Resources in the first quarter valued at approximately $385,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of RGC Resources by 7.4% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,613 shares of the energy company’s stock valued at $538,000 after buying an additional 1,213 shares during the last quarter.
RGCO traded up $0.17 during midday trading on Thursday, reaching $29.08. 918 shares of the company’s stock were exchanged, compared to its average volume of 8,770. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.34. The stock has a market capitalization of $235.18 million, a PE ratio of 30.61 and a beta of -0.18. The business’s 50-day moving average price is $28.61 and its 200 day moving average price is $27.84. RGC Resources has a 1-year low of $25.42 and a 1-year high of $31.00.
The firm also recently announced a dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Friday, October 11th. This is a boost from RGC Resources’s previous dividend of $0.16. RGC Resources’s payout ratio is presently 69.47%.
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 1,141 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates 8 metering stations.
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