Equities analysts forecast that RGC Resources Inc. (NASDAQ:RGCO) will announce earnings of $0.05 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for RGC Resources’ earnings. The highest EPS estimate is $0.05 and the lowest is $0.04. RGC Resources posted earnings of $0.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 44.4%. The business is scheduled to report its next quarterly earnings results on Thursday, November 21st.
According to Zacks, analysts expect that RGC Resources will report full year earnings of $1.06 per share for the current year, with EPS estimates ranging from $1.05 to $1.07. For the next year, analysts expect that the business will report earnings of $1.11 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for RGC Resources.
RGC Resources (NASDAQ:RGCO) last issued its quarterly earnings data on Wednesday, July 31st. The energy company reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. RGC Resources had a return on equity of 10.81% and a net margin of 13.10%. The firm had revenue of $11.68 million during the quarter, compared to the consensus estimate of $12.55 million.
Separately, Zacks Investment Research downgraded RGC Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, July 24th.
Several institutional investors have recently modified their holdings of the stock. FCA Corp TX grew its stake in shares of RGC Resources by 2.3% during the 2nd quarter. FCA Corp TX now owns 33,184 shares of the energy company’s stock valued at $1,013,000 after buying an additional 740 shares during the period. GYL Financial Synergies LLC bought a new position in RGC Resources in the 1st quarter worth about $385,000. North Star Investment Management Corp. grew its position in RGC Resources by 3.3% in the 2nd quarter. North Star Investment Management Corp. now owns 73,712 shares of the energy company’s stock worth $2,250,000 after purchasing an additional 2,325 shares during the last quarter. Captrust Financial Advisors grew its position in RGC Resources by 8.2% in the 2nd quarter. Captrust Financial Advisors now owns 39,409 shares of the energy company’s stock worth $1,203,000 after purchasing an additional 3,000 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in RGC Resources in the 1st quarter worth about $153,000.
Shares of RGC Resources stock opened at $29.09 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.56 and a quick ratio of 0.34. RGC Resources has a 1 year low of $24.16 and a 1 year high of $31.00. The company has a market capitalization of $231.13 million, a P/E ratio of 30.62 and a beta of -0.17. The business has a 50 day moving average price of $27.97 and a 200 day moving average price of $27.67.
RGC Resources Company Profile
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.
See Also: P/E Growth (PEG)
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