Unitil Corporation (UTL) Releases Earnings Results, Beats Expectations By $0.03 EPS

Unitil Corporation (UTL) reported quarterly earnings results on Thursday, Jul-21-2016. The company said it had a profit of $0.18 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.15. Analysts expectations of $79.90 million. During the same quarter in the previous year, the company posted $0.12 EPS.

Many Wall Street Analysts have commented on Unitil Corporation. Company shares were Upgraded by RBC Capital Mkts on Apr 25, 2016 to ” Sector Perform”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .

Unitil Corporation closed down -0.11 points or -0.25% at $43.27 with 36,451 shares getting traded on Wednesday. Post opening the session at $43.38, the shares hit an intraday low of $43.26 and an intraday high of $43.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on May 18, 2016, Albert H Iii Elfner (director) purchased 500 shares at $38.99 per share price. According to the SEC, on Mar 24, 2016, David P Brownell (director) purchased 500 shares at $41.24 per share price. On Jun 4, 2015, Michael B Green (director) purchased 355 shares at $33.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Unitil Corporation (Unitil) is a public utility holding company. The Company is engaged in the distribution of electricity and natural gas. The Company operates in three segments: utility gas operations utility electric operations and non-regulated. The Company’s principal business is the local distribution of electricity in the southeastern seacoast and state capitol regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts. It has three distribution utility subsidiaries Unitil Energy which operates in New Hampshire Fitchburg which operates in Massachusetts and Northern Utilities which operates in New Hampshire and Maine.

Unitil Corporation

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