RGC Resources Stock (NASDAQ:RGCO), Trade Ideas

RGC Resources

RGC Resources Inc is involved in the business of distribution and sale of natural gas to residential, commercial, and industrial customers within its service territory in Roanoke, Virginia and its surrounding localities as well as it also provides certain non-regulated services. The company relies on multiple interstate pipelines to transport natural gas. The company operates in three segments: Gas Utility, which is the key revenue generator; Investment in Affiliates this segment reflects the income generated through the activities of the Company's investment in MVP and Southgate projects and Parent & Other include the unregulated activities of the Company as well as certain corporate eliminations.

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RGCO

RGC Resources Inc. (NASDAQ: RGCO) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.

RGC Resources Inc. Misses Q2 Earnings and Revenue Estimates

Long Ideas

Pre-Market Outlook

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

Top 4 Utilities Stocks That Could Lead To Your Biggest Gains In Q2

Top 2 Utilities Stocks That Are Set Set To Fly In May

RGC Resources Inc

RGC Resources Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgco#NASDAQ">RGCO</a>) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.08%. A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.50, delivering a surprise of 28.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
RGC Resources, which belongs to the Zacks Oil and Gas - Refining and Marketing industry, posted revenues of $32.66 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 3.94%. This compares to year-ago revenues of $38.03 million. The company has not been able to beat consensus revenue estimates over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
RGC Resources shares have added about 1.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 5.6%.
What&#39;s Next for RGC Resources?
While RGC Resources has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for RGC Resources: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.07 on $14 million in revenues for the coming quarter and $1.16 on $86 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Refining and Marketing is currently in the top 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Delek US Holdings (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dk#NYSE">DK</a>), has yet to report results for the quarter ended March 2024. The results are expected to be released on May 7.
This refinery operator is expected to post quarterly loss of $0.56 per share in its upcoming report, which represents a year-over-year change of -140.9%. The consensus EPS estimate for the quarter has been revised 27.2% higher over the last 30 days to the current level.
Delek US Holdings&#39; revenues are expected to be $3.56 billion, down 9.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2266508/rgc-resources-inc-rgco-misses-q2-earnings-and-revenue-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2266508">To read this article on Zacks.com click here.</a>

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported quarterly earnings of $0.63 per share. The company reported quarterly sales of $32.659 million which missed the analyst consensus estimate of $34.000 million by 3.94 percent. This is a 14.12 percent decrease over sales of $38.030 million the same period last year.

Earnings

Earnings Misses

RGC Resources Q2 2024 GAAP EPS $0.63, Sales $32.659M Miss $34.000M Estimate

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported quarterly earnings of $0.50 per share which beat the analyst consensus estimate of $0.39 by 28.21 percent. This is a 51.52 percent increase over earnings of $0.33 per share from the same period last year. The company reported quarterly sales of $24.42 million which missed the analyst consensus estimate of $31.00 million by 21.23 percent. This is a 26.63 percent decrease over sales of $33.28 million the same period last year.

RGC Resources Q1 EPS $0.50 Beats $0.39 Estimate, Sales $24.42M Miss $31.00M Estimate

The Board of Directors of RGC Resources, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>), at its meeting on November 27, 2023, declared a quarterly dividend of $0.20 per share on the Company's common stock. The indicated annual dividend is $0.80 per share, a $0.01 or 1.3% per share increase over the prior annual level. The Company has now increased the annual dividend 20 consecutive years. Paul Nester, CEO of RGC Resources, Inc., stated, "The Roanoke Gas utility continues to deliver solid operational and financial performance. Further, we look forward to seeing the MVP completed in 2024. This dividend increase, our 20th annual increase, reflects our commitment to deliver long-term shareholder value." The dividend will be paid on February 1, 2024 to shareholders of record on January 17, 2024. This is the Company's 319th consecutive quarterly cash dividend. &nbsp;
RGC Resources, Inc. provides energy and related products and services to customers in Virginia through its operating subsidiaries including Roanoke Gas Company and RGC Midstream, L.L.C.

Dividends

RGC Resources, Inc. Raises Quarterly Dividend From $0.1975 To $0.20 Per Share

RGC Resources FY23 EPS $0.10 Up From $(0.10) YoY, Revenue $12.467M Misses $15M Estimate

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported its Q4 earnings results on Monday, November 20, 2023 at 08:45 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
RGC Resources beat estimated earnings by 600.0%, reporting an EPS of $0.1 versus an estimate of $-0.02.
Revenue was down $1.65 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.07 which was followed by a 1.05% drop in the share price the next day.
Here's a look at RGC Resources's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0</td>
<td>0.58</td>
<td>0.39</td>
<td>-0.08</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.07</td>
<td>0.64</td>
<td>0.33</td>
<td>-0.01</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>18.00M</td>
<td>32.00M</td>
<td>26.00M</td>
<td>11.00M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>13.66M</td>
<td>38.03M</td>
<td>33.28M</td>
<td>14.11M</td>
</tr>
</tbody>
</table>

To track all earnings releases for RGC Resources <a href="https://www.benzinga.com/quote/RGCO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: RGC Resources Q4 Earnings

Christen Brooke Miles, VP at RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>), reported a large acquisition of company stock options on October 23, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001069533/000143774923028725//Archives/edgar/data/1069533/000143774923028725/0001437749-23-028725-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Miles, VP at RGC Resources, a company in the Utilities sector, was just awarded stock options worth 5,000 shares of RGCO. The options give Miles the right to buy the company's stock at $16.62 per share.
RGC Resources shares are trading down 0.0% at $16.12 at the time of this writing on Tuesday morning. Since the current price is $16.12, this makes Miles's 5,000 shares worth $80,600.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001069533">Check Out The Full List Of RGC Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

VP at RGC Resources Acquires Company Stock Options Worth 5,000 Shares

Christen Brooke Miles, VP at RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>), reported a large acquisition of company stock options on October 23, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001069533/000143774923028725//Archives/edgar/data/1069533/000143774923028725/0001437749-23-028725-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that Miles, VP at RGC Resources, a company in the Utilities sector, was just awarded stock options worth 5,000 shares of RGCO. The options give Miles the right to buy the company's stock at $16.62 per share.
RGC Resources shares are trading down 0.0% at $16.24 at the time of this writing on Monday morning. Since the current price is $16.24, this makes Miles's 5,000 shares worth $81,199.
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<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001069533">Check Out The Full List Of RGC Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

RGC Resources VP Awarded $81K Worth of Stock Options

Options

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Stocks That Hit 52-Week Lows On Thursday

Management

Effective September 6, RGC Resources Inc Has Appointed Timothy Mulvaney Interim Chief Financial Officer And Treasurer; Continues To Explore Various Options For A Permanent Chief Financial Officer And Treasurer

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported quarterly earnings of $0.07 per share. This is a 16.67 percent increase over earnings of $0.06 per share from the same period last year. The company reported quarterly sales of $13.66 million which missed the analyst consensus estimate of $18.00 million by 24.11 percent. This is a 20.86 percent decrease over sales of $17.26 million the same period last year.

RGC Resources Q3 EPS $0.07 Up From $0.06 YoY, Sales $13.66M Miss $18.00M Estimate

Paul W Nester, President &amp; CEO at RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>), reported a large exercise of company stock options on July 11, according to a new SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001069533/000143774923019683//Archives/edgar/data/1069533/000143774923019683/0001437749-23-019683-index.htm">U.S. Securities and Exchange Commission</a> on Tuesday showed that Nester, President &amp; CEO at RGC Resources, a company in the Utilities sector, just exercised stock options worth 1,000 shares of RGCO stock with an exercise price of $16.37.
RGC Resources shares are trading down 0.47% at $18.93 at the time of this writing on Wednesday morning. Since the current price is $18.93, this makes Nester's 1,000 shares worth $18,930.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>The Importance of Insider Transactions</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001069533">Check Out The Full List Of RGC Resources's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

President & CEO at RGC Resources Exercises Options Worth $18K

On June 20, 2023, RGC Resources Inc's  Jason Field, Co's VP, CFO And Treasurer, Notified Co Of His Voluntary Resignation, Effective August 4; Co Has Initiated A Search Process For A CFO And Treasurer

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>Exelon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exc#NYSE">EXC</a>)</h3>
<ul>
<li>Exelon posted better-than-expected first-quarter results. &quot;Our team of 19,000 plus employees have entered this first full year of operations after the separation excited to lead the energy transformation, and it shows in our results,&quot; said Exelon President and CEO Calvin Butler. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/EXC">52-week low of $35.19 </a>.</li>
<li>RSI Value: 27.90</li>
<li>EXC Price Action: Shares of Exelon fell 0.3% to close at $39.26 on Wednesday.</li>
</ul>
<h3>RGC Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgco#NASDAQ">RGCO</a>)</h3>
<ul>
<li>RGC Resources posted upbeat second-quarter results. The company&rsquo;s <a href="https://www.benzinga.com/quote/RGCO"> stock has a 52-week low </a> of $18.01.</li>
<li>RSI Value: 27.52</li>
<li>RGCO Price Action: Shares of RGC Resources rose 0.2% to close at $18.19 on Wednesday.</li>
</ul>
<h3>WEC Energy Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wec#NYSE">WEC</a>)</h3>
<ul>
<li>WEC Energy Group posted better-than-expected first-quarter results. &quot;We experienced one of the mildest winters in history. For example, this was the second- warmest first quarter in Milwaukee since 1891,&quot; said Gale Klappa, executive chairman. &quot;We continue to focus on the fundamentals of our business &mdash; financial discipline, operating efficiency, and customer satisfaction. And we&#39;re confident that we can deliver another year of strong results, in line with our original guidance for 2023.&quot; The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/WEC"> low of $80.82.</a></li>
<li>RSI Value: 27.52</li>
<li>WEC Price Action: Shares of WEC Energy dropped 0.9% to close at $89.27 on Wednesday.</li>
</ul>
<h3>American Electric Power Company, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aep#NYSE">AEP</a>)</h3>
<ul>
<li>American Electric Power reported first-quarter<a href="https://www.benzinga.com/quote/AEP"> operating EPS of $1.11</a>, down from $1.22, which came in line with the consensus. &quot;In the first quarter, our team executed on key priorities to advance our strategy even as we experienced the second warmest temperatures we&#39;ve seen in 30 years. We continue to see the positive impacts of our regulatory efforts and investments in transmission along with strong growth in commercial and industrial load, reflecting our ongoing focus on attracting businesses and jobs to our communities through our economic development efforts,&quot; said Julie Sloat, AEP president and chief executive officer. The company&rsquo;s 52-week low is $80.30.</li>
<li>RSI Value: 29.47</li>
<li>AEP Price Action: Shares of American Electric Power rose 0.6% to close at $91.44 on Wednesday.</li>
</ul>
&nbsp;
Read More: <a href="https://www.benzinga.com/news/earnings/23/05/32459500/fear-greed-index-moves-to-greed-zone-after-dow-surges-over-400-points"> Fear &amp; Greed Index Moves To &#39;Greed Zone After Dow Surges Over 400 Points</a>

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported its Q2 earnings results on Friday, May 5, 2023 at 09:37 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
RGC Resources beat estimated earnings by 10.34%, reporting an EPS of $0.64 versus an estimate of $0.58.
Revenue was up $8.50 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.06 which was followed by a 0.04% increase in the share price the next day.
Here's a look at RGC Resources's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.39</td>
<td>-0.08</td>
<td>-0.04</td>
<td>0.66</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.33</td>
<td>-0.01</td>
<td>0.06</td>
<td>0.60</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>26.00M</td>
<td>11.00M</td>
<td>15.00M</td>
<td>30.00M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>33.28M</td>
<td>14.11M</td>
<td>17.26M</td>
<td>29.53M</td>
</tr>
</tbody>
</table>

To track all earnings releases for RGC Resources <a href="https://www.benzinga.com/quote/RGCO/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: RGC Resources Q2 Earnings

RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.58 by 10.34 percent. This is a 6.67 percent increase over earnings of $0.60 per share from the same period last year. The company reported quarterly sales of $38.03 million which beat the analyst consensus estimate of $32.00 million by 18.84 percent. This is a 28.78 percent increase over sales of $29.53 million the same period last year.

RGC Resources Q2 EPS $0.64 Beats $0.58 Estimate, Sales $38.03M Beat $32.00M Estimate

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a>
Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3>RGC Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgco#NASDAQ">RGCO</a>)</h3>
<ul>
<li>RGC Resources recently declared a quarterly dividend of $0.1975 per share on the company&rsquo;s common stock. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/RGCO">52-week low of $18.01 </a>.</li>
<li>RSI Value: 28.75</li>
<li>RGCO Price Action: Shares of RGC Resources fell 5.6% to close at $18.12 on Tuesday.</li>
</ul>
<h3>Via Renewables, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/via#NASDAQ">VIA</a>)</h3>
<ul>
<li>Via Renewables reported a rise in Q4 sales results. &quot;Looking forward to 2023, we&#39;re positioned very well to attract new customers. Numerous utilities have raised their rates and we&#39;re able to be more competitive with our offerings as commodity prices retreat off record highs,&quot; said Keith Maxwell, Via Renewables&#39; Chief Executive Officer. The company&rsquo;s <a href="https://www.benzinga.com/quote/VIA"> stock has a 52-week low </a> of $9.40.</li>
<li>RSI Value: 25.41</li>
<li>VIA Price Action: Shares of Via Renewables fell 1.1% to close at $10.06 on Tuesday.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/23/05/32153278/check-out-3-high-yielding-dividend-stocks-in-utilities-sector-from-wall-streets-most-accurate-analys"> Check Out 3 High-Yielding Dividend Stocks In Utilities Sector From Wall Street&#39;s Most Accurate Analysts</a>

<a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro,</a> during Q1, RGC Resources (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGCO#NASDAQ">RGCO</a>) earned $3.26 million, a 128.53% increase from the preceding quarter. RGC Resources also posted a total of $33.28 million in sales, a 135.83% increase since Q4. In Q4, RGC Resources brought in $14.11 million in sales but lost $11.42 million in earnings. 
<h3>What Is ROCE?</h3>
Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q1, RGC Resources posted an ROCE of 0.03%.
It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future. 
ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows RGC Resources is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. 
For RGC Resources, the positive return on capital employed ratio of 0.03% suggests that management is allocating their capital effectively. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns.
<h3>Analyst Predictions</h3>
RGC Resources reported Q1 earnings per share at $0.33/share, which did not meet analyst predictions of $0.39/share.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Looking Into RGC Resources's Return On Capital Employed

Offerings

RGC Resources Files For Stock Shelf Of Up $40M

<ul>
<li>RGC Resources Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgco#NASDAQ">RGCO</a>)&nbsp;Board of Directors has increased the&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/11/g29888698/rgc-resources-inc-raises-annual-dividend-to-0-79-per-share" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">annual dividend amount by 1.3% to $0.79.</a></li>
<li>RGCO declared a quarterly dividend of&nbsp;$0.1975 per share. The dividend will be paid on February 1, 2023, to shareholders of record on January 18, 2023.</li>
<li>The company has now increased the annual dividend 19 consecutive years.</li>
<li>&quot;We continue to be pleased with the solid operational and financial performance of the Roanoke Gas utility and this dividend increase reflects our commitment to deliver long-term shareholder value,&quot; said CEO Paul Nester.</li>
<li>RGC&#39;s total assets as of June 30, 2022,&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/22/08/g28407106/rgc-resources-inc-reports-third-quarter-earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">totaled $298.7 million.</a></li>
<li>Price Action:&nbsp;RGCO shares are trading higher by 0.29% at $24.08 on the last check Tuesday.</li>
<li>Photo Via Company</li>
</ul>
&nbsp;

RGC Resources Hikes Annual Dividend By 1.3%

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Omega Flex GAAP EPS of $0.42, revenue of $25.22M

RGC Resources GAAP EPS of $0.63, revenue of $32.66M misses by $1.34M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
RGC Resources (NASDAQ:<a href="https://investorplace.com/stock-quotes/rgco-stock-quote/">RGCO</a>) just reported results for the second quarter of 2024.<ul><li>RGC Resources reported earnings per share of 63 cents. This was below the analyst estimate for EPS of 65 cents.</li><li>The company reported revenue of $32.66 million.</li><li>This was 3.94% worse than the analyst estimate for revenue of $34.00 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/rgco-stock-earnings-rgc-resources-for-q2-of-2024/">RGCO Stock Earnings: RGC Resources Misses EPS, Misses Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

RGCO Stock Earnings: RGC Resources Misses EPS, Misses Revenue for Q2 2024

RGC Resources declares $0.20 dividend

Rgc Resources Inc. (RGCO) just unveiled an update. RGC Resources, Inc. is engaging with analysts to discuss its operating results for the second qu...