RGC Resources (RGCO) Scheduled to Post Earnings on Monday

RGC Resources (NASDAQ:RGCO - Get Free Report) will be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.65 per share for the quarter. Parties interested in participating in the company's conference call can do so using this link.

RGC Resources (NASDAQ:RGCO - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The energy company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.39 by $0.11. The company had revenue of $24.42 million during the quarter, compared to analysts' expectations of $31.00 million. RGC Resources had a net margin of 14.75% and a return on equity of 12.89%. On average, analysts expect RGC Resources to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

RGC Resources Stock Up 2.3 %

Shares of RGC Resources stock traded up $0.47 during trading on Monday, hitting $20.98. 7,983 shares of the stock were exchanged, compared to its average volume of 16,600. The stock has a market cap of $213.16 million, a price-to-earnings ratio of 16.02 and a beta of 0.22. The firm's 50-day moving average price is $19.79 and its 200 day moving average price is $18.99. RGC Resources has a 12-month low of $15.36 and a 12-month high of $22.53. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.54 and a quick ratio of 0.36.

RGC Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Tuesday, April 16th will be given a dividend of $0.20 per share. The ex-dividend date is Monday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.81%. RGC Resources's dividend payout ratio (DPR) is currently 61.07%.

Wall Street Analyst Weigh In

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

Insider Transactions at RGC Resources

In related news, Director Robert B. Johnston acquired 1,715 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were purchased at an average price of $18.78 per share, with a total value of $32,207.70. Following the completion of the acquisition, the director now owns 63,005 shares in the company, valued at $1,183,233.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have bought a total of 2,315 shares of company stock worth $43,302 over the last ninety days. 6.00% of the stock is currently owned by company insiders.

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.