RGC Resources Inc (NASDAQ: RGCO) has reported E.P.S. of $0.02 for its third fiscal quarter (ending June 30) versus $0.07 for the same period a year ago — a decline of -71%. This result fell short of the consensus estimate of $0.07 by $-0.05. For the latest four quarters through June 30, E.P.S. were $1.25 versus $-0.11 for the same period a year ago.
Recent Price Action
RGC Resources Inc (NASDAQ: RGCO) stock suffered a large decline of -7.6% on 8/5/24. The stock closed at $19.20. Moreover, trading volume in this decline was above average at 140% of normal. The stock has declined -13.1% during the last week but 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 20 but a slightly positive Power Rating of 63, triggering 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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