Piedmont Natural Gas
The 10-second takeaway
For the quarter ended Jan. 31 (Q1), Piedmont Natural Gas beat expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue expanded. GAAP earnings per share grew.
Gross margins dropped, operating margins grew, net margins expanded.
Piedmont Natural Gas tallied revenue of $515.9 million. The three analysts polled by S&P Capital IQ predicted sales of $495.9 million on the same basis. GAAP reported sales were 9.3% higher than the prior-year quarter's $471.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.18. The seven earnings estimates compiled by S&P Capital IQ forecast $1.16 per share. GAAP EPS of $1.18 for Q1 were 12% higher than the prior-year quarter's $1.05 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 34.1%, 20 basis points worse than the prior-year quarter. Operating margin was 27.0%, 10 basis points better than the prior-year quarter. Net margin was 16.7%, 50 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $332.2 million. On the bottom line, the average EPS estimate is $0.74.
Next year's average estimate for revenue is $1.18 billion. The average EPS estimate is $1.77.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 175 members out of 190 rating the stock outperform, and 15 members rating it underperform. Among 56 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 52 give Piedmont Natural Gas a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Piedmont Natural Gas is hold, with an average price target of $31.43.
Can your portfolio provide you with enough income to last through retirement? You'll need more than Piedmont Natural Gas. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add Piedmont Natural Gas to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends Piedmont Natural Gas Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
Instant Analysis: Piedmont Natural Gas Bumps Its Dividend 3% Higher
For quite possibly the last time, the utility hikes its payout. It will pay $0.34 per share.
The Best Dividend Stocks of 2015
Dividend stocks aren't known for producing quick profits, but these 10 stocks did just that in 2015.
Piedmont Natural Gas Treads Water Through Its Low Season
The utility suffered bigger losses than expected, but the real test will come as the weather cools.