Avangrid (NYSE:AGR – Get Free Report) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.22, Briefing.com reports. Avangrid had a return on equity of 4.89% and a net margin of 11.35%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year.
Avangrid Stock Up 0.0 %
Shares of NYSE AGR traded up $0.01 during mid-day trading on Friday, reaching $35.53. 31,777 shares of the company’s stock were exchanged, compared to its average volume of 866,087. The company has a current ratio of 0.58, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $13.75 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 2.67 and a beta of 0.55. Avangrid has a twelve month low of $27.46 and a twelve month high of $38.71. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $34.56.
Avangrid Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Monday, September 2nd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date is Friday, August 30th. Avangrid’s dividend payout ratio is currently 76.19%.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on AGR
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
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