As the world becomes increasingly uncertain, Atmos Energy Corporation (ATO) offers stability

The closing price of Atmos Energy Corporation (NYSE: ATO) was $112.05 for the day, up 1.38% from the previous closing price of $110.53. In other words, the price has increased by $+1.52 from its previous closing price. On the day, 722259 shares were traded. ATO stock price reached its highest trading level at $113.10 during the session, while it also had its lowest trading level at $110.99.

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Our analysis of ATO’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.90 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 0.89 whereas as Long-Term Debt/Eq ratio is at 0.67.

Upgrades & Downgrades

On April 26, 2022, Credit Suisse started tracking the stock assigning a Outperform rating and target price of $133.

BofA Securities Upgraded its Neutral to Buy on December 15, 2021, whereas the target price for the stock was revised from $100 to $107.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Feb 06 when COCKLIN KIM R sold 12,500 shares for $117.14 per share. The transaction valued at 1,464,295 led to the insider holds 228,846 shares of the business.

THOMAS RICHARD M sold 1,100 shares of ATO for $121,407 on Nov 15. The VICE PRESIDENT & CONTROLLER now owns 2,891 shares after completing the transaction at $110.37 per share. On Oct 14, another insider, MCDILL JOHN S, who serves as the SR VP, UTILITY OPERATIONS of the company, sold 2 shares for $101.04 each. As a result, the insider received 202 and left with 20,895 shares of the company.

Valuation Measures:

As of this moment, Atmos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.83, and their Forward P/E ratio for the next fiscal year is 17.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.48 while its Price-to-Book (P/B) ratio in mrq is 1.62.

Stock Price History:

Over the past 52 weeks, ATO has reached a high of $122.96, while it has fallen to a 52-week low of $97.71. The 50-Day Moving Average of the stock is 114.33, while the 200-Day Moving Average is calculated to be 112.69.

Shares Statistics:

ATO traded an average of 757.52K shares per day over the past three months and 733.31k shares per day over the past ten days. A total of 141.82M shares are outstanding, with a floating share count of 139.25M. Insiders hold about 0.30% of the company’s shares, while institutions hold 93.70% stake in the company. Shares short for ATO as of Jan 30, 2023 were 6.86M with a Short Ratio of 7.18M, compared to 7.35M on Dec 29, 2022. Therefore, it implies a Short% of Shares Outstanding of 4.79% and a Short% of Float of 5.43%.

Dividends & Splits

With its trailing 12-month dividend rate of 2.35, ATO has a forward annual dividend rate of 2.96. Against a Trailing Annual Dividend Yield of 2.13%, it implies a Forward Annual Dividend Yield of 2.58%. The stock’s 5-year Average Dividend Yield is 2.27. The current Payout Ratio is 48.57% for ATO, which recently paid a dividend on Mar 05, 2023 with an ex-dividend date of Feb 15, 2023. Stock splits for the company last occurred on May 16, 1994 when the company split stock in a 3:2 ratio.

Earnings Estimates

The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of $2.5 for the current quarter, with a high estimate of $2.58 and a low estimate of $2.42, while EPS last year was $2.37. The consensus estimate for the next quarter is $0.99, with high estimates of $1.05 and low estimates of $0.95.

Analysts are recommending an EPS of between $6.03 and $5.97 for the fiscal current year, implying an average EPS of $6. EPS for the following year is $6.44, with 8 analysts recommending between $6.6 and $6.3.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $1.83B to a low estimate of $1.6B. As of the current estimate, Atmos Energy Corporation’s year-ago sales were $1.65B, an estimated increase of 6.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $924.04M, an increase of 13.20% over than the figure of $6.80% in the same quarter last year. There is a high estimate of $1.01B for the next quarter, whereas the lowest estimate is $768.87M.

A total of 7 analysts have provided revenue estimates for ATO’s current fiscal year. The highest revenue estimate was $5.08B, while the lowest revenue estimate was $4.01B, resulting in an average revenue estimate of $4.72B. In the same quarter a year ago, actual revenue was $4.2B, up 12.20% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $5B in the next fiscal year. The high estimate is $5.52B and the low estimate is $4.29B. The average revenue growth estimate for next year is up 6.10% from the average revenue estimate for this year.