RGC Resources (NASDAQ:RGCO) Announces Quarterly Earnings Results, Misses Expectations By $0.05 EPS

RGC Resources (NASDAQ:RGCO) released its quarterly earnings results on Monday. The energy company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.05), Zacks reports. The company had revenue of $14.46 million during the quarter, compared to analysts’ expectations of $14.00 million. RGC Resources had a net margin of 15.82% and a return on equity of 12.66%. During the same period in the previous year, the company posted $0.07 earnings per share.

RGC Resources Stock Down 1.8 %

Shares of RGCO traded down $0.35 during trading hours on Wednesday, reaching $19.40. 27,104 shares of the stock traded hands, compared to its average volume of 15,815. RGC Resources has a 52 week low of $15.36 and a 52 week high of $23.70. The company has a market cap of $197.49 million, a price-to-earnings ratio of 15.19 and a beta of 0.16. The stock has a fifty day simple moving average of $20.70 and a 200 day simple moving average of $20.15. The company has a current ratio of 1.31, a quick ratio of 1.00 and a debt-to-equity ratio of 1.23.

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.