Atmos Energy Stock Forecast, Price & News NYSE:ATO

Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues. Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of ATO’s competitive advantage. We look at which utility companies stand to benefit as the Lone Star state recovers from last month’s blackouts.

Represents the company’s profit divided by the outstanding shares of its common stock. The Company is engaged primarily in the natural gas utility business as well as other natural gas nonutility businesses. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Recent stocks from this report have soared up to +178.7% in 3 months – this month’s picks could be even better. The consensus EPS estimate for ONE Gas has been revised 1.1% lower over the last 30 days to the current level.

Atmos Energy Corp. engages in the provision of natural gas services. It operates under the Distribution, and Pipeline and Storage business segments. The Distribution segment is involved in regulated natural gas distribution and related sales operations.

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Kim R. Cocklin has an approval rating of 91% among the company’s employees. This puts Kim R. Cocklin in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023. In the past three months, Atmos Energy insiders have sold more of their company’s stock than they have bought.

• In a post-pandemic world, most utilities’ dividends offer investors an attractive income alternative.
• “Following recent market rumors about a potential transaction involving Atos, the Company…
• Atmos Energy announced a quarterly dividend on Tuesday, February 7th.
• Please note that a negative Earnings ESP reading is not indicative of an earnings miss.

Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.

Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Favorable rate regulation and large infrastructure investment opportunities have driven strong earnings growth and steady dividend increases for Atmos Energy. We expect Atmos to invest $15 billion during the next five years, in line with management’s expectations. Over 85% of the total investment is for safety and reliability, replacing bare steel, cast iron, and vintage plastic pipes. We expect this investment to receive regulatory support and continue beyond our five-year forecast. Atmos Energy announced a quarterly dividend on Tuesday, February 7th.

Atmos Energy Misses Q1 EPS by 1c, Offers Guidance

This is a higher news sentiment than the 0.35 average news sentiment score of Utilities companies. A valuation method that multiplies the price of a company’s stock by the total number of outstanding shares. The up/down ratio is calculated by dividing the value of uptick trades by the value of downtick trades.

• We expect Atmos to invest $15 billion during the next five years, in line with management’s expectations.
• The Pipeline and Storage segment includes pipeline and storage operations of Atmos Pipeline-Texas division and natural gas transmission operations.
• As of September 30, 2022, it owned 5,652 miles of gas transmission lines.

Net money flow is the value of uptick trades minus the value of downtick trades. market value vs appraised value Sold ShortThe total number of shares of a security that have been sold short and not yet repurchased.Change from LastPercentage change in short interest from the previous report to the most recent report. Exchanges report short interest twice a month.Percent of FloatTotal short positions relative to the number of shares available to trade. This Earnings ESP, combined with its Zacks Rank #4 , makes it difficult to conclusively predict that ONE Gas will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times. Free Report) is soon expected to post earnings of $1.85 per share for the quarter ended March 2023.

Utilities With an Edge After Texas Power Outages

While calculating estimates for a company’s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number. Atmos Energy reported Q1 EPS of $1.91, $0.01 worse than the analyst estimate of $1.92.

Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements. Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies. The consensus EPS estimate for the quarter has been revised 3.02% higher over the last 30 days to the current level.

These utilities feature low payout ratios, solid investment opportunities, and constructive regulatory environments–though they’re not cheap. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Free Report) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2023. This widely-known consensus outlook gives a good sense of the company’s earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. Intraday Data provided by FACTSET and subject to terms of use.

The Atmos Energy 52-week high stock price is 121.92, which is 6.8% above the current share price. For the last reported quarter, it was expected that Atmos would post earnings of $1.93 per share when it actually produced earnings of $1.91, delivering a surprise of -1.04%. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 , 2 or 3 .

However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.63%. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 or 5 . You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.

NYSE: BIP

Value investors frequently look for companies that have low price/book ratios. Atmos Energy issued an update on its FY 2023 earnings guidance on Tuesday, February, 7th. The company provided EPS guidance of $5.90-$6.10 for the period, compared to the consensus EPS estimate of $6.00. As of April 15th, there was short interest totaling 6,530,000 shares, an increase of 6.5% from the March 31st total of 6,130,000 shares. Based on an average daily volume of 826,700 shares, the short-interest ratio is presently 7.9 days. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 to -2 .

Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price. To calculate, start with total shares outstanding and subtract the number of restricted shares. Restricted stock typically is that issued to company insiders with limits on when it may be traded.Dividend YieldA company’s dividend expressed as a percentage of its current stock price. 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 two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

4 people have added https://1investing.in/ to their MarketBeat watchlist in the last 30 days. 13 people have searched for ATO on MarketBeat in the last 30 days. This is an increase of 550% compared to the previous 30 days. MarketBeat has tracked 8 news articles for Atmos Energy this week, compared to 4 articles on an average week.

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Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. So, this combination makes it difficult to conclusively predict that Atmos will beat the consensus EPS estimate.

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Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Atmos Energy Corporation share price live 114.14, this page displays NYSE ATO stock exchange data. View the ATO premarket stock price ahead of the market session or assess the after hours quote. Monitor the latest movements within the Atmos Energy Corporation real time stock price chart below.

We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. This natural gas utility is expected to post quarterly earnings of $2.47 per share in its upcoming report, which represents a year-over-year change of +4.2%. Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.

ATO has a forward dividend yield of 2.58%.SeeATO’s full dividends and stock split historyon the Dividend tab. In a post-pandemic world, most utilities’ dividends offer investors an attractive income alternative. 70 employees have rated Atmos Energy Chief Executive Officer Kim R. Cocklin on Glassdoor.com.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. Real-time analyst ratings, insider transactions, earnings data, and more. Based on earnings estimates, Atmos Energy will have a dividend payout ratio of 46.11% next year. This indicates that Atmos Energy will be able to sustain or increase its dividend. According to analysts’ consensus price target of $123.25, Atmos Energy has a forecasted upside of 8.0% from its current price of $114.14. The Atmos Energy 52-week low stock price is 97.71, which is 14.4% below the current share price.