For its third fiscal quarter (ending June 30), Atmos Energy Corp (NYSE: ATO) has reported a 15% increase in E.P.S. from $0.94 a year ago to $1.08 in the current quarter. This result exceeded the consensus estimate of $1.05 by $0.03. For the latest four quarters through June 30, E.P.S. were $6.80 versus $5.84 for the same period a year ago — an increase of 16%.
Recent Price Action
Atmos Energy Corp (NYSE: ATO) stock rose modestly by 0.5% on 8/7/24. The stock closed at $128.10. This advance was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ATO is expected to continue to be an important Value Builder.
Atmos Energy has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atmos Energy has a neutral Power Rating of 49 and a neutral Appreciation Score of 46, resulting in the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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