Avangrid (AGR) to Release Earnings on Tuesday

Avangrid (NYSE:AGR) will release its earnings data after the market closes on Tuesday, July 23rd. Analysts expect Avangrid to post earnings of $0.27 per share for the quarter.

Avangrid (NYSE:AGR) last issued its quarterly earnings data on Wednesday, April 24th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.18. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.54 billion. Avangrid had a return on equity of 4.35% and a net margin of 10.80%. Avangrid’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts expect Avangrid to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Avangrid Stock Performance

Shares of AGR stock opened at $35.56 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.58. Avangrid has a 52 week low of $27.46 and a 52 week high of $39.13. The company’s 50 day moving average price is $35.69 and its two-hundred day moving average price is $34.52. The company has a market capitalization of $13.76 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 2.67 and a beta of 0.55.

Avangrid Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 2nd will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.95%. Avangrid’s payout ratio is 76.19%.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Avangrid in a research note on Wednesday, July 17th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.67.

About Avangrid

Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.