Avangrid (NYSE:AGR) issued its earnings results on Sunday. The utilities provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.40, MarketWatch Earnings reports. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.82 billion. Avangrid had a net margin of 10.19% and a return on equity of 4.20%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.76 EPS.
AGR traded up $0.73 on Tuesday, hitting $51.69. 20,265 shares of the company’s stock were exchanged, compared to its average volume of 585,766. The firm has a market cap of $16.00 billion, a PE ratio of 25.09, a P/E/G ratio of 4.35 and a beta of 0.21. Avangrid has a twelve month low of $38.78 and a twelve month high of $56.20. The stock has a fifty day moving average of $50.42 and a two-hundred day moving average of $48.02. The company has a current ratio of 0.46, a quick ratio of 0.40 and a debt-to-equity ratio of 0.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 1st. Investors of record on Friday, June 4th will be paid a dividend of $0.44 per share. The ex-dividend date is Thursday, June 3rd. This represents a $1.76 annualized dividend and a yield of 3.40%. Avangrid’s dividend payout ratio (DPR) is 81.11%.
Avangrid, Inc operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.
Recommended Story: Book Value Per Share in Stock Trading
Receive News & Ratings for Avangrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avangrid and related companies with MarketBeat.com's FREE daily email newsletter.