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

Northwest Natural (NYSE:NWN) updated its fourth quarter 2024 earnings guidance on Monday. 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.

Wall Street Analyst Weigh In

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

Northwest Natural Trading Up 0.4 %

Shares of NYSE NWN traded up $0.15 during trading hours on Tuesday, hitting $38.01. 40,213 shares of the company traded hands, compared to its average volume of 330,755. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 14.58 and a beta of 0.54. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 1.11. The company’s 50 day moving average price is $37.05 and its 200 day moving average price is $37.51. Northwest Natural has a 12 month low of $34.95 and a 12 month high of $47.29.

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

Northwest Natural Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.488 dividend. This represents a $1.95 annualized dividend and a yield of 5.14%. The ex-dividend date is Monday, April 29th. Northwest Natural’s dividend payout ratio (DPR) is presently 75.00%.

About Northwest Natural

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.