StockNews.com began coverage on shares of Avangrid (NYSE:AGR – Get Free Report) in a research note issued on Friday. The firm set a “hold” rating on the utilities provider’s stock.
Avangrid Stock Up 0.0 %
Shares of AGR opened at $35.76 on Friday. The stock has a market capitalization of $13.84 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 2.67 and a beta of 0.55. Avangrid has a 52 week low of $27.46 and a 52 week high of $37.70. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.44 and a current ratio of 0.52. The stock has a fifty day moving average of $35.76 and a 200-day moving average of $35.87.
Avangrid (NYSE:AGR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. Avangrid had a return on equity of 4.87% and a net margin of 11.35%. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm posted $0.21 earnings per share. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Avangrid will post 2.24 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
About Avangrid
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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