UNITIL Corporation (NYSE:UTL) Earning Somewhat Favorable Press Coverage, Report Finds
News headlines about UNITIL Corporation (NYSE:UTL) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. UNITIL Corporation earned a news impact score of 0.06 on Accern’s scale. Accern also gave news articles about the utilities provider an impact score of 46.7588512536871 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts recently weighed in on UTL shares. Zacks Investment Research raised UNITIL Corporation from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Tuesday, May 2nd. BidaskClub lowered UNITIL Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st.
Shares of UNITIL Corporation (UTL) traded up 0.30% during mid-day trading on Monday, reaching $50.65. The company had a trading volume of 29,775 shares. UNITIL Corporation has a 52-week low of $37.31 and a 52-week high of $52.20. The stock has a market capitalization of $714.92 million, a P/E ratio of 24.34 and a beta of 0.21. The company’s 50-day moving average is $49.44 and its 200 day moving average is $46.83.
UNITIL Corporation (NYSE:UTL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The firm had revenue of $80.80 million during the quarter, compared to analyst estimates of $78.10 million. UNITIL Corporation had a net margin of 7.52% and a return on equity of 9.88%. During the same quarter in the previous year, the business earned $0.18 EPS. Analysts anticipate that UNITIL Corporation will post $2.00 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend is Friday, August 11th. UNITIL Corporation’s dividend payout ratio is 68.90%.
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About UNITIL Corporation
Unitil Corporation is a public utility holding company. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts.
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