Avangrid (AGR) Issues FY 2019 Earnings Guidance

Avangrid (NYSE:AGR) updated its FY 2019 earnings guidance on Tuesday. The company provided EPS guidance of $2.25-2.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.42.

Several equities analysts have commented on the stock. Goldman Sachs Group lowered shares of Avangrid from a buy rating to a neutral rating and set a $50.00 target price on the stock. in a report on Sunday, October 28th. Zacks Investment Research raised shares of Avangrid from a sell rating to a hold rating in a report on Monday, October 29th. TheStreet raised shares of Avangrid from a c+ rating to a b rating in a report on Wednesday, November 14th. Citigroup decreased their target price on shares of Avangrid from $59.00 to $57.00 and set a buy rating on the stock in a report on Tuesday, December 4th. Finally, ValuEngine raised shares of Avangrid from a hold rating to a buy rating in a report on Wednesday, December 5th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $53.63.

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Shares of AGR traded up $0.55 during mid-day trading on Tuesday, reaching $51.18. The company had a trading volume of 448,100 shares, compared to its average volume of 370,545. Avangrid has a 1-year low of $45.81 and a 1-year high of $54.55. The company has a current ratio of 0.67, a quick ratio of 0.59 and a debt-to-equity ratio of 0.33. The company has a market cap of $15.64 billion, a P/E ratio of 23.26, a PEG ratio of 2.35 and a beta of 0.09.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.44%. Avangrid’s payout ratio is currently 80.00%.

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Avangrid Company Profile

Avangrid, Inc operates as an energy services holding company in the United States. It engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. The company also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power.

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