Equities analysts forecast that ONE Gas Inc (NYSE:OGS) will announce sales of $294.30 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for ONE Gas’ earnings, with estimates ranging from $282.60 million to $306.00 million. ONE Gas posted sales of $292.52 million in the same quarter last year, which would indicate a positive year over year growth rate of 0.6%. The company is expected to report its next earnings results after the market closes on Monday, July 29th.
On average, analysts expect that ONE Gas will report full year sales of $1.65 billion for the current financial year, with estimates ranging from $1.59 billion to $1.70 billion. For the next year, analysts expect that the firm will post sales of $1.73 billion, with estimates ranging from $1.70 billion to $1.77 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow ONE Gas.
ONE Gas (NYSE:OGS) last posted its quarterly earnings results on Monday, April 29th. The utilities provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.03. ONE Gas had a return on equity of 8.56% and a net margin of 10.57%. The business had revenue of $661.00 million for the quarter, compared to the consensus estimate of $625.25 million. During the same period in the prior year, the business earned $1.72 EPS.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc boosted its holdings in shares of ONE Gas by 0.7% during the third quarter. Vanguard Group Inc now owns 5,050,855 shares of the utilities provider’s stock valued at $415,584,000 after acquiring an additional 36,615 shares during the period. Raymond James & Associates boosted its holdings in shares of ONE Gas by 10.7% during the fourth quarter. Raymond James & Associates now owns 27,322 shares of the utilities provider’s stock valued at $2,175,000 after acquiring an additional 2,639 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of ONE Gas by 4.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 63,671 shares of the utilities provider’s stock valued at $5,068,000 after acquiring an additional 2,437 shares during the period. Advisor Group Inc. boosted its holdings in shares of ONE Gas by 21.0% during the fourth quarter. Advisor Group Inc. now owns 4,681 shares of the utilities provider’s stock valued at $372,000 after acquiring an additional 814 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of ONE Gas by 107.0% during the fourth quarter. Citigroup Inc. now owns 27,479 shares of the utilities provider’s stock valued at $2,188,000 after acquiring an additional 14,206 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.
Shares of ONE Gas stock traded down $0.11 on Friday, hitting $91.24. The company had a trading volume of 113,347 shares, compared to its average volume of 166,006. The firm has a market capitalization of $4.81 billion, a PE ratio of 28.07, a price-to-earnings-growth ratio of 4.52 and a beta of 0.34. ONE Gas has a 1 year low of $74.34 and a 1 year high of $92.66. The stock’s 50 day simple moving average is $90.21. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.78 and a quick ratio of 0.71.
ONE Gas Company Profile
ONE Gas, Inc operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas Gas Service, and Texas Gas Service. It serves residential, commercial, and industrial and transportation customers, as well as provides natural gas distribution services to wholesale and public authority customers.
Further Reading: What is the Producer Price Index (PPI)?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ONE Gas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ONE Gas and related companies with MarketBeat.com's FREE daily email newsletter.