Unitil (NYSE:UTL) Releases Earnings Results, Beats Estimates By $0.04 EPS

Unitil (NYSE:UTL) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04, Yahoo Finance reports. The company had revenue of $95.70 million for the quarter, compared to analyst estimates of $94.00 million. Unitil had a return on equity of 9.84% and a net margin of 9.37%. During the same period last year, the company earned $0.25 earnings per share.

Unitil Stock Performance

Shares of UTL traded up $0.77 during trading hours on Thursday, reaching $58.08. 2,960 shares of the company’s stock traded hands, compared to its average volume of 55,527. The firm has a market capitalization of $939.04 million, a price-to-earnings ratio of 19.10 and a beta of 0.60. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.68 and a quick ratio of 0.63. Unitil has a twelve month low of $41.43 and a twelve month high of $62.53. The business’s fifty day simple moving average is $54.13 and its two-hundred day simple moving average is $52.03.

Unitil Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Thursday, August 15th. Unitil’s dividend payout ratio (DPR) is 56.67%.

About Unitil

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations, Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts.