Equities analysts expect NorthWestern Corp (NYSE:NWE) to announce $1.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for NorthWestern’s earnings. NorthWestern posted earnings per share of $1.13 in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The business is scheduled to announce its next earnings results on Wednesday, April 25th.
On average, analysts expect that NorthWestern will report full-year earnings of $3.42 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.45. For the next year, analysts anticipate that the company will report earnings of $3.41 per share, with EPS estimates ranging from $3.39 to $3.43. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for NorthWestern.
NorthWestern (NYSE:NWE) last issued its quarterly earnings results on Monday, February 12th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.04). The company had revenue of $344.55 million during the quarter. NorthWestern had a return on equity of 9.33% and a net margin of 12.46%.
NWE has been the subject of several recent research reports. Wells Fargo set a $55.00 target price on shares of NorthWestern and gave the company a “hold” rating in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of NorthWestern from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. Five research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. NorthWestern presently has an average rating of “Sell” and an average target price of $57.40.
NorthWestern stock traded down $0.47 during mid-day trading on Tuesday, reaching $51.87. 288,431 shares of the company’s stock traded hands, compared to its average volume of 518,180. The company has a current ratio of 0.47, a quick ratio of 0.39 and a debt-to-equity ratio of 1.01. NorthWestern has a 12-month low of $50.01 and a 12-month high of $64.47. The company has a market capitalization of $2,563.72, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 6.39 and a beta of 0.28.
The firm also recently announced a dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.55 per share. The ex-dividend date is Wednesday, March 14th. NorthWestern’s payout ratio is 65.87%.
In other NorthWestern news, VP Michael R. Cashell sold 1,000 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $50.95, for a total transaction of $50,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jan Robert Horsfall sold 1,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $57.38, for a total transaction of $103,284.00. Following the sale, the director now owns 5,155 shares of the company’s stock, valued at approximately $295,793.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,900 shares of company stock valued at $414,181. 1.40% of the stock is owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of NorthWestern by 14.9% during the third quarter. Sei Investments Co. now owns 23,206 shares of the utilities provider’s stock worth $1,321,000 after acquiring an additional 3,009 shares during the last quarter. SG Americas Securities LLC grew its position in shares of NorthWestern by 219.8% during the fourth quarter. SG Americas Securities LLC now owns 64,551 shares of the utilities provider’s stock worth $3,854,000 after acquiring an additional 44,367 shares during the last quarter. Legal & General Group Plc grew its position in shares of NorthWestern by 9.2% during the third quarter. Legal & General Group Plc now owns 203,160 shares of the utilities provider’s stock worth $11,570,000 after acquiring an additional 17,177 shares during the last quarter. Bank of Montreal Can grew its position in shares of NorthWestern by 12.9% during the fourth quarter. Bank of Montreal Can now owns 77,054 shares of the utilities provider’s stock worth $4,600,000 after acquiring an additional 8,819 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of NorthWestern by 6.4% during the fourth quarter. Victory Capital Management Inc. now owns 26,671 shares of the utilities provider’s stock worth $1,592,000 after acquiring an additional 1,616 shares during the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for NorthWestern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.