UGI (NYSE:UGI) Releases FY 2024 Earnings Guidance

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UGI (NYSE:UGI - Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 2.700-3.000 for the period, compared to the consensus earnings per share estimate of 2.850. The company issued revenue guidance of -. UGI also updated its FY24 guidance to $2.70-3.00 EPS.

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Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on UGI shares. Wells Fargo & Company cut UGI from an overweight rating to an equal weight rating and lifted their price target for the company from $27.00 to $28.00 in a research report on Thursday, March 14th. Mizuho upped their price target on UGI from $26.00 to $27.00 and gave the company a neutral rating in a research report on Wednesday, April 17th. StockNews.com lowered shares of UGI from a buy rating to a hold rating in a research report on Thursday, April 18th. Finally, TheStreet upgraded shares of UGI from a d+ rating to a c- rating in a research note on Wednesday, February 21st.

Read Our Latest Report on UGI

UGI Price Performance

Shares of NYSE:UGI traded up $0.34 on Wednesday, hitting $25.90. The company's stock had a trading volume of 1,809,308 shares, compared to its average volume of 2,046,394. UGI has a 1 year low of $20.19 and a 1 year high of $33.74. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.98 and a quick ratio of 0.79. The company has a market capitalization of $5.43 billion, a PE ratio of -11.57 and a beta of 1.16. The company has a 50-day simple moving average of $24.60 and a 200 day simple moving average of $23.44.

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UGI (NYSE:UGI - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The utilities provider reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.12 by $0.08. The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.98 billion. UGI had a negative net margin of 5.48% and a positive return on equity of 14.09%. Sell-side analysts forecast that UGI will post 2.9 EPS for the current fiscal year.

UGI Company Profile

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UGI Corporation, together with its subsidiaries, distributes, stores, transports, and markets energy products and related services in the United States and internationally. The company operates through four segments: AmeriGas Propane, UGI International, Midstream & Marketing, and UGI Utilities. It distributes propane to approximately 1.3 million residential, commercial/industrial, motor fuel, agricultural, and wholesale customers through 1,400 propane distribution locations.

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