UGI (UGI) Set to Announce Quarterly Earnings on Wednesday

UGI (NYSE:UGI) is set to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.65 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, January 31st. The utilities provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.08. The company had revenue of $2.12 billion for the quarter, compared to analysts’ expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. On average, analysts expect UGI to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

UGI Stock Performance

Shares of UGI opened at $25.38 on Monday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.79 and a current ratio of 0.98. The stock has a market capitalization of $5.32 billion, a P/E ratio of -11.54 and a beta of 1.16. The company’s fifty day moving average is $24.56 and its two-hundred day moving average is $23.38. UGI has a 1 year low of $20.19 and a 1 year high of $34.26.

UGI Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were paid a $0.375 dividend. The ex-dividend date was Thursday, March 14th. This represents a $1.50 annualized dividend and a yield of 5.91%. UGI’s dividend payout ratio is currently -68.18%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UGI shares. TheStreet raised shares of UGI from a “d+” rating to a “c-” rating in a research note on Wednesday, February 21st. StockNews.com lowered shares of UGI from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Wells Fargo & Company lowered shares of UGI from an “overweight” rating to an “equal weight” rating and boosted their target price for the stock from $27.00 to $28.00 in a research report on Thursday, March 14th. Finally, Mizuho boosted their target price on shares of UGI from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 17th.

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.