NorthWestern (NYSE:NWE) will issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $1.18 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.
NorthWestern (NYSE:NWE) last issued its earnings results on Monday, February 11th. The utilities provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.11. The business had revenue of $308.82 million for the quarter. NorthWestern had a net margin of 16.52% and a return on equity of 9.80%. On average, analysts expect NorthWestern to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NYSE:NWE opened at $69.53 on Tuesday. The stock has a market capitalization of $3.53 billion, a PE ratio of 20.51, a PEG ratio of 8.46 and a beta of 0.34. The company has a current ratio of 0.80, a quick ratio of 0.65 and a debt-to-equity ratio of 1.09. NorthWestern has a fifty-two week low of $51.53 and a fifty-two week high of $71.77.
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.575 dividend. This is an increase from NorthWestern’s previous quarterly dividend of $0.55. The ex-dividend date was Thursday, March 14th. This represents a $2.30 annualized dividend and a dividend yield of 3.31%. NorthWestern’s payout ratio is presently 67.85%.
NWE has been the topic of several analyst reports. Barclays downgraded shares of NorthWestern from an “equal weight” rating to an “underweight” rating and lifted their target price for the company from $62.00 to $65.00 in a report on Wednesday, March 20th. Zacks Investment Research downgraded shares of NorthWestern from a “hold” rating to a “sell” rating in a report on Tuesday, December 18th. KeyCorp lifted their target price on shares of NorthWestern from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Monday, December 17th. Williams Capital reaffirmed a “sell” rating on shares of NorthWestern in a report on Monday, March 18th. Finally, Bank of America reissued an “underperform” rating and set a $55.00 price objective on shares of NorthWestern in a report on Thursday, March 14th. Five research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $61.83.
In related news, VP Michael R. Cashell sold 1,656 shares of the business’s stock in a transaction dated Wednesday, February 27th. The shares were sold at an average price of $67.85, for a total transaction of $112,359.60. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jan Robert Horsfall sold 2,300 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $67.34, for a total transaction of $154,882.00. Following the sale, the director now directly owns 3,905 shares in the company, valued at approximately $262,962.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,156 shares of company stock worth $411,430. 1.17% of the stock is owned by insiders.
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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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