NorthWestern (NYSE:NWE) issued an update on its FY 2019
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.38-3.48 for the period, compared to the Thomson Reuters consensus estimate of $3.42. NorthWestern also updated its Q4 2019
Pre-Market guidance to $1.14-1.24 EPS.
NWE opened at $69.74 on Friday. NorthWestern has a 52 week low of $57.28 and a 52 week high of $76.72. The business has a fifty day simple moving average of $71.26 and a 200-day simple moving average of $72.25. The firm has a market cap of $3.59 billion, a P/E ratio of 20.57, a P/E/G ratio of 7.60 and a beta of 0.15. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 1.09.
NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Tuesday, October 29th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.13). The company had revenue of $274.84 million during the quarter, compared to analyst estimates of $295.48 million. NorthWestern had a net margin of 16.84% and a return on equity of 9.57%. The firm’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 earnings per share. Sell-side analysts expect that NorthWestern will post 3.43 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.575 dividend. This represents a $2.30 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Thursday, December 12th. NorthWestern’s payout ratio is currently 67.85%.
Several analysts have recently issued reports on NWE shares. Williams Capital upgraded NorthWestern from a sell rating to a hold rating and set a $66.00 price objective on the stock in a research note on Monday, August 26th. Credit Suisse Group reduced their price objective on NorthWestern from $73.00 to $70.00 and set an underperform rating on the stock in a research note on Wednesday. Zacks Investment Research upgraded NorthWestern from a hold rating to a buy rating and set a $80.00 price objective on the stock in a research note on Friday. Wells Fargo & Co reiterated a buy rating on shares of NorthWestern in a research note on Monday. Finally, Barclays reiterated a sell rating and issued a $71.00 price objective on shares of NorthWestern in a research note on Thursday, October 31st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $69.29.
In other news, CEO Robert C. Rowe sold 2,150 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $70.68, for a total value of $151,962.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.17% of the stock is currently owned by company insiders.
NorthWestern Company Profile
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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