Avangrid (NYSE:AGR – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.17 to $2.32 for the period, compared to the consensus EPS estimate of $2.25.
Avangrid Price Performance
Shares of AGR traded down $0.21 during midday trading on Tuesday, reaching $36.84. The stock had a trading volume of 1,023,408 shares, compared to its average volume of 923,891. The company has a market capitalization of $14.25 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. The company’s 50-day moving average is $34.42 and its 200 day moving average is $32.50. The company has a current ratio of 0.65, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. Avangrid has a 12-month low of $27.46 and a 12-month high of $41.22.
Avangrid (NYSE:AGR – Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.03. Avangrid had a net margin of 9.46% and a return on equity of 3.92%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same period last year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that Avangrid will post 2.23 EPS for the current fiscal year.
Avangrid Dividend Announcement
Wall Street Analyst Weigh In
AGR has been the topic of a number of recent research reports. Mizuho increased their price target on shares of Avangrid from $33.00 to $34.00 and gave the company a neutral rating in a research report on Wednesday, January 3rd. StockNews.com upgraded shares of Avangrid from a sell rating to a hold rating in a report on Friday, February 23rd. Janney Montgomery Scott restated a sell rating and issued a $35.00 target price on shares of Avangrid in a report on Friday, March 8th. Finally, Wells Fargo & Company lifted their price target on shares of Avangrid from $34.00 to $35.00 and gave the company an equal weight rating in a report on Friday, February 23rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, Avangrid has an average rating of Hold and an average price target of $34.75.
Check Out Our Latest Report on Avangrid
Avangrid Company Profile
Avangrid, Inc, an energy services holding company, engages in the regulated energy transmission and distribution, and renewable energy generation businesses in the United States. The company operates through Networks and Renewables segments. It is involved in the generation, transmission, and distribution of electricity; and distribution, transportation, and sale of natural gas.
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