|Bid||48.89 x 900|
|Ask||49.01 x 800|
|Day's Range||48.03 - 49.02|
|52 Week Range||35.62 - 57.24|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||21.68|
|Earnings Date||Oct 20, 2020|
|Forward Dividend & Yield||1.76 (3.70%)|
|Ex-Dividend Date||Aug 31, 2020|
|1y Target Est||45.57|
Avangrid (AGR) delivered earnings and revenue surprises of -11.11% and -3.88%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Shares of Avangrid (NYSE:AGR) were flat in after-market trading after the company reported Q2 results.Quarterly Results Earnings per share decreased 3.03% over the past year to $0.32, which missed the estimate of $0.34.Revenue of $1,392,000,000 decreased by 0.57% year over year, which missed the estimate of $1,450,000,000.Outlook Earnings guidance hasn't been issued by the company for now.View more earnings on AGRRevenue guidance hasn't been issued by the company for now.Price Action 52-week high: $57.24Company's 52-week low was at $35.62Price action over last quarter: Up 6.19%Company Description Avangrid operates two business units, Networks and Renewables. Networks operates eight regulated electric and natural gas utilities across New York, Maine, Connecticut, and Massachusetts, serving over 3 million customers. Networks is the combination of Iberdrola's U.S. regulated units and UIL Holdings. Renewables focuses primarily on developing onshore wind power, with developments in solar and offshore wind developments as well. It operates more than 7 gigawatts of renewable energy across the U.S. Spanish utility Iberdrola spun off Avangrid's predecessor, Iberdrola USA, in 2015. Iberdrola remains an 81.5% ownership stake in Avangrid.See more from Benzinga * Benzinga's Top Upgrades, Downgrades For July 2, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Today AVANGRID, Inc. (NYSE: AGR) reported consolidated U.S. GAAP net income of $88 million, or $0.28 per share, for the second quarter ended June 30, 2020, compared to $110 million, or $0.36 per share, for the same period in 2019. For the first six months of 2020, consolidated net income was $328 million, or $1.06 per share, compared to $327 million, or $1.06 share, for the first six months of 2019.
Avangrid Renewables, LLC, a subsidiary of AVANGRID (NYSE: AGR), and Apple Inc. (NASDAQ: AAPL) today celebrate a growing renewable energy partnership, recognizing the newly-completed Montague Wind Farm, in Gilliam County, Ore., and continued output of the Gala Solar project, in Crook County, Ore. The facilities will supply renewable energy to Apple through power purchase agreements.
Avangrid (AGR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Today AVANGRID, Inc. (NYSE:AGR) announced that its Board of Directors declared a quarterly dividend of $0.44 per share on its Common Stock. This dividend is payable October 1, 2020 to shareholders of record at the close of business on September 1, 2020.
Avangrid (AGR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
“Avangrid has above-average EPS growth potential from utility and renewables opportunities, along with upside options not yet priced in,” wrote Morgan Stanley.
AVANGRID, Inc. (NYSE:AGR) will be releasing its second quarter 2020 financial results on Tuesday, July 21, 2020, after the market closes.
|Upgrade||Wells Fargo: Equal-Weight to Overweight||7/1/2020|
|Upgrade||B of A Securities: Underperform to Neutral||4/30/2020|
|Downgrade||Goldman Sachs: Neutral to Sell||1/16/2020|
|Maintains||JP Morgan: to Underweight||10/14/2019|
|Downgrade||Citigroup: Buy to Neutral||8/13/2019|
|Downgrade||Bank of America: Neutral to Underperform||4/25/2019|
Industry: Utilities—Regulated Electric
Full Time Employees: 6,597
Avangrid, Inc. operates as an energy services holding company in the United States. It operates through two segments, Networks and Renewables. The company engages in the generation, transmission, and distribution of electricity, as well as distribution, transportation, and sale of natural gas. It also develops, constructs, and operates renewable energy generation facilities primarily using onshore wind power, as well as solar, biomass, and thermal power. The company delivers natural gas and electricity to residential, commercial, and institutional customers through its regulated utilities in New York, Maine, Connecticut, and Massachusetts; and sells its output to investor-owned utilities, public utilities, and other credit-worthy entities. In addition, it generates and provides power and other services to federal and state agencies, as well as institutional retail and joint action agencies; and delivers thermal output to wholesale customers in the Western United States. Avangrid, Inc. owns eight electric and natural gas utilities, serving 3.3 million customers in New York and New England, as well as owns and operates 8.0 gigawatts of electricity capacity, primarily through wind power in 22 states. The company was founded in 1852 and is headquartered in Orange, Connecticut. Avangrid, Inc. is a subsidiary of Iberdrola, S.A.