Analysts expect that RGC Resources Inc. (NASDAQ:RGCO) will post $12.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for RGC Resources’ earnings, with the lowest sales estimate coming in at $12.00 million and the highest estimate coming in at $12.50 million. RGC Resources posted sales of $11.44 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.1%. The business is scheduled to issue its next earnings report on Monday, July 30th.
On average, analysts expect that RGC Resources will report full-year sales of $66.50 million for the current financial year, with estimates ranging from $66.00 million to $67.00 million. For the next financial year, analysts forecast that the company will report sales of $68.15 million per share, with estimates ranging from $68.00 million to $68.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow RGC Resources.
RGC Resources (NASDAQ:RGCO) last posted its earnings results on Tuesday, May 1st. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.12). The business had revenue of $24.92 million for the quarter, compared to analyst estimates of $23.20 million. RGC Resources had a net margin of 9.65% and a return on equity of 9.29%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in RGC Resources by 1.2% during the fourth quarter. BlackRock Inc. now owns 287,772 shares of the energy company’s stock valued at $7,793,000 after purchasing an additional 3,325 shares during the period. Dimensional Fund Advisors LP increased its holdings in RGC Resources by 14.8% in the first quarter. Dimensional Fund Advisors LP now owns 96,010 shares of the energy company’s stock valued at $2,439,000 after buying an additional 12,359 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in RGC Resources by 151.0% in the fourth quarter. Bank of New York Mellon Corp now owns 51,681 shares of the energy company’s stock valued at $1,400,000 after buying an additional 31,089 shares in the last quarter. UBS Group AG increased its holdings in RGC Resources by 18.0% in the first quarter. UBS Group AG now owns 41,556 shares of the energy company’s stock valued at $1,056,000 after buying an additional 6,327 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in RGC Resources by 63.0% in the first quarter. Commonwealth Equity Services LLC now owns 22,796 shares of the energy company’s stock valued at $579,000 after buying an additional 8,811 shares in the last quarter.
NASDAQ RGCO traded up $0.73 on Monday, reaching $28.64. 35,100 shares of the company’s stock traded hands, compared to its average volume of 10,589. The company has a market capitalization of $224.55 million, a PE ratio of 33.30 and a beta of -0.06. RGC Resources has a fifty-two week low of $22.16 and a fifty-two week high of $31.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.15 and a quick ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 1st. Investors of record on Monday, July 16th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Friday, July 13th. This represents a $0.62 dividend on an annualized basis and a yield of 2.16%. RGC Resources’s dividend payout ratio is presently 72.09%.
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 1,135 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility located in Botetourt County, as well as owns and operates 8 metering stations.
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