Avangrid (NYSE:AGR) Releases Earnings Results, Beats Estimates By $0.22 EPS

by · The Cerbat Gem

Avangrid (NYSE:AGR – Get Free Report) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.22, Briefing.com reports. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The company had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $2.04 billion. During the same quarter last year, the business earned $0.27 earnings per share. Avangrid’s revenue was up 5.5% on a year-over-year basis.

Avangrid Stock Down 0.0 %

Avangrid stock traded down $0.01 during trading on Thursday, hitting $35.79. 531,816 shares of the company were exchanged, compared to its average volume of 792,597. The business’s 50 day moving average is $35.78 and its 200 day moving average is $35.85. Avangrid has a 52 week low of $28.75 and a 52 week high of $37.70. The company has a market capitalization of $13.85 billion, a P/E ratio of 15.49, a PEG ratio of 2.66 and a beta of 0.55. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 0.49.

Avangrid Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, December 2nd. This represents a $1.76 annualized dividend and a dividend yield of 4.92%. Avangrid’s dividend payout ratio is 76.19%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Avangrid in a research report on Monday. They issued a “hold” rating on the stock.

View Our Latest Research Report on AGR

About Avangrid

(Get Free Report)

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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