RGC Resources Inc (NASDAQ: RGCO) has reported earnings for its second fiscal quarter (ending March 31) of $0.63 versus $0.64 for the same period a year ago — a decline of -2%. Relative to the consensus estimate of $0.73, this was a shortfall of $-0.10. E.P.S. were $1.31 for the latest four quarters through March 31 versus $-0.12 for the same period a year ago.
Recent Price Action
RGC Resources Inc (NASDAQ: RGCO) stock closed at $20.94 on 5/1/24 after an increase of 1.6%. NORMAL trading volume accompanied the advance. The stock has risen 4.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RGCO is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
RGC Resources has a current Value Trend Rating of D (Negative). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. RGC Resources has a poor Appreciation Score of 19 but a slightly positive Power Rating of 67, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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