Southwest Gas (NYSE:SWX) Issues Earnings Results

Southwest Gas (NYSE:SWX) announced its quarterly earnings data on Wednesday. The utilities provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.33), Briefing.com reports. Southwest Gas had a net margin of 2.78% and a return on equity of 7.28%. The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $1.69 EPS. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.

Southwest Gas Stock Up 0.6 %

Shares of NYSE:SWX traded up $0.48 during trading on Thursday, hitting $76.27. The company’s stock had a trading volume of 133,460 shares, compared to its average volume of 455,447. Southwest Gas has a fifty-two week low of $55.13 and a fifty-two week high of $76.75. The business has a 50 day moving average price of $73.58 and a two-hundred day moving average price of $65.29. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $5.46 billion, a PE ratio of 35.84, a P/E/G ratio of 3.63 and a beta of 0.36.

Southwest Gas Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $2.48 dividend on an annualized basis and a yield of 3.25%. Southwest Gas’s dividend payout ratio (DPR) is presently 116.98%.

Wall Street Analyst Weigh In

Separately, Citigroup lifted their price target on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.