RGC Resources (NASDAQ:RGCO) Releases Earnings Results, Beats Expectations By $0.01 EPS

RGC Resources (NASDAQ:RGCO) announced its quarterly earnings data on Monday. The energy company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01, Zacks reports. RGC Resources had a net margin of 13.90% and a return on equity of 10.91%.

RGC Resources Trading Up 2.2 %

Shares of RGC Resources stock opened at $21.46 on Tuesday. RGC Resources has a 1 year low of $18.25 and a 1 year high of $24.20. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.87. The company has a market capitalization of $220.18 million, a P/E ratio of 18.50 and a beta of 0.18. The company’s fifty day moving average is $20.45 and its two-hundred day moving average is $20.73.

RGC Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 17th were given a dividend of $0.2075 per share. This is an increase from RGC Resources’s previous quarterly dividend of $0.20. This represents a $0.83 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Friday, January 17th. RGC Resources’s dividend payout ratio (DPR) is presently 71.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of RGC Resources from a “sell” rating to a “hold” rating in a report on Thursday, February 6th.

RGC Resources Company Profile

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.