RGC Resources (RGCO) to Release Earnings on Tuesday

RGC Resources (NASDAQ:RGCO) is projected to announce its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.50 per share and revenue of $26.00 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

RGC Resources Trading Down 3.3 %

Shares of RGCO opened at $20.56 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 1.26. RGC Resources has a 1-year low of $17.90 and a 1-year high of $24.20. The stock has a market capitalization of $210.95 million, a P/E ratio of 17.72 and a beta of 0.18. The business’s 50-day moving average price is $20.47 and its 200 day moving average price is $20.77.

RGC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 17th were given a dividend of $0.2075 per share. The ex-dividend date was Friday, January 17th. This is a positive change from RGC Resources’s previous quarterly dividend of $0.20. This represents a $0.83 dividend on an annualized basis and a yield of 4.04%. RGC Resources’s dividend payout ratio (DPR) is presently 71.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered RGC Resources from a “hold” rating to a “sell” rating in a report on Wednesday, January 29th.

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.