Wall Street analysts expect NorthWestern Corp (NYSE:NWE) to report $0.67 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for NorthWestern’s earnings. NorthWestern reported earnings of $0.58 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.5%. The firm is expected to issue its next earnings results on Tuesday, October 22nd.
According to Zacks, analysts expect that NorthWestern will report full year earnings of $3.55 per share for the current financial year, with EPS estimates ranging from $3.38 to $3.83. For the next year, analysts forecast that the business will post earnings of $3.60 per share, with EPS estimates ranging from $3.47 to $3.77. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NorthWestern.
NorthWestern (NYSE:NWE) last announced its quarterly earnings data on Tuesday, July 23rd. The utilities provider reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.31. The firm had revenue of $270.70 million during the quarter, compared to analysts’ expectations of $308.82 million. NorthWestern had a return on equity of 9.86% and a net margin of 17.30%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS.
Several brokerages have recently issued reports on NWE. Barclays reiterated a “sell” rating and issued a $70.00 price target on shares of NorthWestern in a research note on Sunday. Zacks Investment Research lowered NorthWestern from a “buy” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $64.83.
Shares of NYSE NWE opened at $69.92 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 18.58, a PEG ratio of 7.55 and a beta of 0.28. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.92 and a quick ratio of 0.73. The firm has a fifty day moving average of $72.39. NorthWestern has a fifty-two week low of $56.23 and a fifty-two week high of $74.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be paid a $0.575 dividend. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Thursday, September 12th. NorthWestern’s dividend payout ratio is 67.85%.
In other NorthWestern news, CEO Robert C. Rowe sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $72.57, for a total transaction of $108,855.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel H. Grahame Heather sold 3,600 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $71.09, for a total value of $255,924.00. The disclosure for this sale can be found here. 1.17% of the stock is owned by insiders.
Several hedge funds have recently added to or reduced their stakes in NWE. United Services Automobile Association raised its position in NorthWestern by 40.1% in the fourth quarter. United Services Automobile Association now owns 15,436 shares of the utilities provider’s stock worth $918,000 after acquiring an additional 4,415 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in NorthWestern by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,063,564 shares of the utilities provider’s stock worth $63,218,000 after purchasing an additional 18,787 shares in the last quarter. Geode Capital Management LLC increased its stake in NorthWestern by 9.2% in the 4th quarter. Geode Capital Management LLC now owns 562,748 shares of the utilities provider’s stock worth $33,449,000 after purchasing an additional 47,300 shares in the last quarter. Bank of America Corp DE increased its stake in NorthWestern by 31.2% in the 4th quarter. Bank of America Corp DE now owns 364,990 shares of the utilities provider’s stock worth $21,695,000 after purchasing an additional 86,738 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in NorthWestern in the 4th quarter worth about $710,000. 95.61% of the stock is owned by institutional investors.
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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