RGC Resources (NASDAQ:RGCO) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

RGC Resources (NASDAQ:RGCO) posted its quarterly earnings results on Wednesday. The energy company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.02), Zacks reports. The company had revenue of $32.66 million for the quarter, compared to the consensus estimate of $34.00 million. RGC Resources had a net margin of 14.75% and a return on equity of 12.89%. During the same quarter in the previous year, the company posted $0.64 EPS.

RGC Resources Price Performance

Shares of RGC Resources stock remained flat at $20.94 on Thursday. 4,323 shares of the stock traded hands, compared to its average volume of 16,329. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.36 and a current ratio of 0.54. RGC Resources has a 1 year low of $15.36 and a 1 year high of $22.53. The firm has a market cap of $212.75 million, a PE ratio of 16.08 and a beta of 0.21. The firm has a 50 day moving average of $19.91 and a 200-day moving average of $19.06.

RGC Resources Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Tuesday, April 16th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Monday, April 15th. RGC Resources’s dividend payout ratio (DPR) is presently 61.07%.

Insider Transactions at RGC Resources

In related news, Director Robert B. Johnston purchased 1,715 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $18.78 per share, for a total transaction of $32,207.70. Following the completion of the acquisition, the director now directly owns 63,005 shares in the company, valued at approximately $1,183,233.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have bought 2,310 shares of company stock worth $43,206. Insiders own 6.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised shares of RGC Resources from a “c” rating to a “b-” rating in a report on Tuesday, February 6th.

RGC Resources Company Profile

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.