Atmos Energy Raises FY24 EPS Guidance From $6.45-$6.65 To $6.70-$6.80 Vs $6.60 Est.
Portfolio Pulse from Benzinga Newsdesk
Atmos Energy (ATO) has raised its FY24 EPS guidance from $6.45-$6.65 to $6.70-$6.80, surpassing the $6.60 estimate. The company also increased its fiscal 2024 capital expenditure guidance to approximately $3.1 billion and declared a quarterly dividend of $0.805 per share, indicating an annual dividend of $3.22 for fiscal 2024, an 8.8% increase from fiscal 2023. CEO Kevin Akers highlighted the employees' dedication to safety and customer service as key to these positive outcomes.
May 08, 2024 | 8:56 pm
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Atmos Energy has raised its FY24 EPS guidance above estimates, increased its capital expenditure guidance for fiscal 2024, and announced an 8.8% increase in its annual dividend.
Raising EPS guidance above market estimates typically signals a company's strong future performance and financial health, which can lead to positive investor sentiment and potentially increase stock price. The increase in capital expenditure guidance indicates growth investments, and a significant dividend increase is a direct financial benefit to shareholders, further supporting positive short-term impact.
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