5 Reasons To Add Atmos Energy (ATO) To Enhance Your Portfolio
Zacks Investment Research | Jan 21, 2020 09:20PM ET
Atmos Energy Corporation (NYSE:ATO) is currently gaining from huge investments made in improving the reliability of its services, new rates and customer growth. This Zacks Rank #2 (Buy) utility stock remains a potential bet for investors to take a look at.
Let’s delve deeper into the factors that make Atmos Energy a profitable pick for greater returns.
Upbeat Growth Estimates: The Zacks Consensus Estimate for fiscal 2020 earnings per share is pegged at $4.67 on $3.50 billion revenues. Both the top and the bottom line are expected to rise year over year, indicating a 20.56% and 7.36% increase, respectively from the year-ago reported figures.
The Zacks Consensus Estimate for fiscal 2021 earnings per share is pegged at $5.02 on $3.68 billion revenues. While the top line implies a 5.13% increase, the bottom line suggests a 7.62% improvement from the year-ago figures.
Atmos Energy has an expected long-term earnings (three to five years) per share growth rate of 7.15%.
Solid Stock Price Movement: Shares of Atmos Energy have rallied 20.6% in the past 12 months, outperforming the Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.