Northwest Natural (NYSE:NWN) Releases Q4 2024 Earnings Guidance

Northwest Natural (NYSE:NWN) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.430-1.630 for the period. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Analyst Ratings Changes

A number of research firms recently commented on NWN. Janney Montgomery Scott began coverage on Northwest Natural in a research note on Wednesday, January 31st. They issued a neutral rating and a $39.00 target price on the stock. Stifel Nicolaus boosted their price target on Northwest Natural from $39.00 to $40.00 and gave the company a buy rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $41.40.

Northwest Natural Price Performance

NWN remained flat at $38.47 on Thursday. 15,698 shares of the company’s stock traded hands, compared to its average volume of 329,475. The business has a 50-day simple moving average of $37.12 and a two-hundred day simple moving average of $37.51. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.70. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.79 and a beta of 0.54. Northwest Natural has a twelve month low of $34.95 and a twelve month high of $47.29.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). The firm had revenue of $433.50 million for the quarter, compared to analysts’ expectations of $447.81 million. Northwest Natural had a net margin of 7.84% and a return on equity of 7.52%. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.01 EPS. Equities research analysts expect that Northwest Natural will post 2.27 earnings per share for the current fiscal year.

Northwest Natural Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Monday, April 29th. Northwest Natural’s payout ratio is 75.00%.

Northwest Natural Company Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.