Southwest Gas (SWX) Set to Announce Quarterly Earnings on Tuesday

Southwest Gas (NYSE:SWX) will be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Southwest Gas (NYSE:SWX) last released its earnings results on Wednesday, May 8th. The utilities provider reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.33). The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Southwest Gas had a return on equity of 6.71% and a net margin of 3.56%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.69 EPS. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Trading Up 0.3 %

NYSE SWX opened at $74.02 on Monday. The stock has a market cap of $5.30 billion, a PE ratio of 27.72, a PEG ratio of 3.75 and a beta of 0.37. Southwest Gas has a 12 month low of $56.17 and a 12 month high of $78.46. The company’s 50-day moving average price is $73.54 and its 200-day moving average price is $71.02. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

Separately, Wells Fargo & Company assumed coverage on shares of Southwest Gas in a research report on Monday, May 13th. They set an “equal weight” rating and a $77.00 target price on the stock.

Insider Activity

In other news, insider Justin L. Brown sold 2,625 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $76.50, for a total value of $200,812.50. Following the completion of the sale, the insider now owns 23,830 shares in the company, valued at approximately $1,822,995. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

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.