RGC Resources (NASDAQ:RGCO) Releases Quarterly Earnings Results, Misses Estimates By $0.05 EPS

RGC Resources (NASDAQ:RGCO) issued its quarterly earnings results on Monday. The energy company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05), Zacks reports. RGC Resources had a net margin of 15.82% and a return on equity of 12.66%. The company had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $14.00 million. During the same period in the prior year, the business posted $0.07 earnings per share.

RGC Resources Price Performance

Shares of NASDAQ:RGCO traded down $0.35 during trading on Wednesday, reaching $19.40. The stock had a trading volume of 27,104 shares, compared to its average volume of 15,815. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.00 and a current ratio of 1.31. RGC Resources has a 1-year low of $15.36 and a 1-year high of $23.70. The stock has a market cap of $197.49 million, a PE ratio of 15.19 and a beta of 0.16. The business has a fifty day moving average price of $20.70 and a 200-day moving average price of $20.15.

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.