RGC Resources (NASDAQ:RGCO – Get Free Report) released its quarterly earnings results on Wednesday. The energy company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.02), Zacks reports. The firm had revenue of $32.66 million during the quarter, compared to analysts’ expectations of $34.00 million. RGC Resources had a return on equity of 12.94% and a net margin of 15.82%. During the same quarter last year, the business earned $0.64 earnings per share.
RGC Resources Stock Performance
Shares of RGCO stock traded up $0.17 during mid-day trading on Friday, reaching $21.38. 8,015 shares of the company’s stock traded hands, compared to its average volume of 12,239. RGC Resources has a 12 month low of $15.36 and a 12 month high of $22.53. The firm has a 50 day moving average price of $20.01 and a two-hundred day moving average price of $19.11. The firm has a market capitalization of $217.22 million, a PE ratio of 16.45 and a beta of 0.21. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.36 and a current ratio of 0.54.
RGC Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 1st. Stockholders of record on Wednesday, July 17th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend is Wednesday, July 17th. RGC Resources’s dividend payout ratio is presently 61.54%.
Insider Buying and Selling
Analyst Ratings Changes
Separately, TheStreet raised RGC Resources from a “c” rating to a “b-” rating in a research report on Tuesday, February 6th.
Read Our Latest Research Report on RGC Resources
About RGC Resources
RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.
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