UGI (NYSE:UGI) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.70-2.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.68.
Shares of UGI opened at $48.83 on Friday, Marketbeat.com reports. The company has a current ratio of 1.22, a quick ratio of 1.10 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $8.49 billion, a PE ratio of 21.32, a PEG ratio of 2.19 and a beta of 0.54. UGI has a fifty-two week low of $49.15 and a fifty-two week high of $49.56.
UGI (NYSE:UGI) last announced its quarterly earnings data on Wednesday, May 2nd. The utilities provider reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.18. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.43 billion. UGI had a return on equity of 12.21% and a net margin of 10.54%. The company’s revenue was up 29.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.31 earnings per share. research analysts anticipate that UGI will post 2.8 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 1st. Stockholders of record on Friday, June 15th will be issued a $0.26 dividend. The ex-dividend date is Thursday, June 14th. This is a positive change from UGI’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.13%. UGI’s dividend payout ratio is currently 43.67%.
UGI has been the topic of a number of recent research reports. Bank of America restated a buy rating on shares of UGI in a research note on Tuesday, February 27th. Zacks Investment Research upgraded UGI from a hold rating to a buy rating and set a $52.00 target price on the stock in a research note on Thursday, January 25th. Barclays reiterated a sell rating and set a $47.00 price target on shares of UGI in a research report on Friday, February 2nd. UBS upgraded UGI from a neutral rating to a buy rating in a research report on Friday, April 20th. Finally, Citigroup lowered their price target on UGI from $49.00 to $48.00 and set a neutral rating on the stock in a research report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $48.75.
In other news, CEO John L. Walsh sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $43.84, for a total value of $1,096,000.00. Following the transaction, the chief executive officer now owns 468,166 shares in the company, valued at $20,524,397.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jerry E. Sheridan sold 43,332 shares of the firm’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $49.41, for a total value of $2,141,034.12. Following the completion of the transaction, the chief executive officer now owns 43,332 shares in the company, valued at approximately $2,141,034.12. The disclosure for this sale can be found here. Insiders have sold 128,332 shares of company stock worth $6,143,434 in the last quarter. 2.36% of the stock is currently owned by company insiders.
UGI Corporation distributes, stores, transports, and markets energy products and related services in the United States and internationally. It distributes propane to approximately 1.9 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers in 50 states through 1,900 propane distribution locations; and sells, installs, and services propane appliances, including heating systems.
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