UGI (NYSE:UGI) Posts Earnings Results

UGI (NYSE:UGI) issued its quarterly earnings results on Wednesday. The utilities provider reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.12, Briefing.com reports. UGI had a positive return on equity of 15.78% and a negative net margin of 0.89%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.73 billion. The company’s quarterly revenue was down 16.8% on a year-over-year basis. UGI updated its FY24 guidance to $2.70 to $3.00 EPS and its FY 2024 guidance to 2.700-3.000 EPS.

UGI Stock Up 0.1 %

NYSE:UGI traded up $0.03 during mid-day trading on Friday, hitting $23.45. The company had a trading volume of 2,175,178 shares, compared to its average volume of 2,236,381. The business has a fifty day simple moving average of $23.48 and a 200-day simple moving average of $24.07. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 1.44. UGI has a 1 year low of $20.19 and a 1 year high of $26.15. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -57.20 and a beta of 1.13.

UGI Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 6.40%. The ex-dividend date is Monday, September 16th. UGI’s dividend payout ratio (DPR) is presently -365.85%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Mizuho increased their price target on UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Wells Fargo & Company cut their target price on UGI from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Friday, May 3rd. Finally, StockNews.com lowered UGI from a “buy” rating to a “hold” rating in a research report on Tuesday.

About UGI

UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.