Avangrid (NYSE:AGR – Get Free Report) released its quarterly earnings results on Tuesday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.22, Briefing.com reports. Avangrid had a return on equity of 4.89% and a net margin of 11.35%. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 21.2% on a year-over-year basis.
Avangrid Trading Up 0.1 %
Shares of Avangrid stock traded up $0.02 during trading on Thursday, hitting $35.52. The stock had a trading volume of 431,361 shares, compared to its average volume of 871,963. Avangrid has a 12 month low of $27.46 and a 12 month high of $38.91. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.58 and a quick ratio of 0.50. The firm’s fifty day simple moving average is $35.58 and its 200-day simple moving average is $34.55. The stock has a market cap of $13.74 billion, a PE ratio of 15.37, a PEG ratio of 2.67 and a beta of 0.55.
Avangrid Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 2nd will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.95%. The ex-dividend date is Friday, August 30th. Avangrid’s payout ratio is 76.19%.
Analysts Set New Price Targets
View Our Latest Stock Report on AGR
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.
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