RGC Resources (NASDAQ:RGCO) Releases Earnings Results, Beats Estimates By $0.01 EPS

RGC Resources (NASDAQ:RGCO) issued its quarterly earnings results on Monday. The energy company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.50 by $0.01, Zacks reports. RGC Resources had a net margin of 13.90% and a return on equity of 10.91%.

RGC Resources Stock Up 2.2 %

Shares of NASDAQ:RGCO opened at $21.46 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.52 and a current ratio of 0.87. RGC Resources has a 1-year low of $18.25 and a 1-year high of $24.20. The company’s fifty day moving average is $20.45 and its two-hundred day moving average is $20.73. The stock has a market capitalization of $220.18 million, a price-to-earnings ratio of 18.50 and a beta of 0.18.

RGC Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, February 1st. Shareholders of record on Friday, January 17th were issued a dividend of $0.2075 per share. This represents a $0.83 dividend on an annualized basis and a dividend yield of 3.87%. This is a boost from RGC Resources’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, January 17th. RGC Resources’s dividend payout ratio is 71.55%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of RGC Resources from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th.

About RGC Resources

RGC Resources, Inc, through its subsidiaries, operates as an energy services company. It sells and distributes natural gas to residential, commercial, and industrial customers in Roanoke, Virginia, and the surrounding localities. The company also provides various unregulated services. It operates approximately 1,179 miles of transmission and distribution pipeline; and a liquefied natural gas storage facility, as well as owns and operates six metering stations.