UGI (NYSE:UGI) Announces Quarterly Earnings Results, Beats Estimates By $0.16 EPS

UGI (NYSE:UGI) posted its quarterly earnings data on Wednesday. The utilities provider reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16, Zacks reports. UGI had a net margin of 3.73% and a return on equity of 14.64%.

UGI Trading Up 0.1 %

UGI traded up $0.02 on Friday, hitting $32.03. 268,589 shares of the company were exchanged, compared to its average volume of 1,802,137. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.60 and a current ratio of 0.80. UGI has a 12 month low of $22.01 and a 12 month high of $32.63. The firm has a fifty day simple moving average of $29.06 and a two-hundred day simple moving average of $26.15. The stock has a market capitalization of $6.88 billion, a PE ratio of 25.85 and a beta of 1.21.

UGI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 17th will be issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend is Monday, March 17th. UGI’s dividend payout ratio is currently 120.97%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UGI shares. Wells Fargo & Company upped their price objective on shares of UGI from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on UGI in a research note on Friday, November 22nd. They set a “buy” rating and a $28.00 price objective on the stock. Finally, Mizuho upgraded shares of UGI from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $27.00 to $30.00 in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.33.

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.