NorthWestern Energy Group (NYSE:NWE) Issues FY 2024 Earnings Guidance

NorthWestern Energy Group (NYSE:NWE) issued an update on its FY 2024 earnings guidance on Sunday morning. The company provided earnings per share (EPS) guidance of 3.420-3.620 for the period, compared to the consensus estimate of 3.500. The company issued revenue guidance of -.

NorthWestern Energy Group Trading Down 4.5 %

Shares of NWE stock opened at $51.49 on Tuesday. The company’s 50-day moving average price is $50.96 and its 200-day moving average price is $49.96. The company has a current ratio of 0.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.92. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 15.94 and a beta of 0.45. NorthWestern Energy Group has a twelve month low of $45.97 and a twelve month high of $55.47.

NorthWestern Energy Group (NYSE:NWE) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. The firm had revenue of $319.90 million for the quarter, compared to analyst estimates of $310.40 million. NorthWestern Energy Group had a net margin of 14.21% and a return on equity of 7.65%. NorthWestern Energy Group’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. As a group, equities analysts predict that NorthWestern Energy Group will post 3.52 earnings per share for the current year.

NorthWestern Energy Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.65 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.60 annualized dividend and a yield of 5.05%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.50%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NWE shares. StockNews.com upgraded shares of NorthWestern Energy Group from a hold rating to a buy rating in a report on Friday. Mizuho boosted their price target on shares of NorthWestern Energy Group from $51.00 to $52.00 and gave the stock a neutral rating in a research note on Thursday, May 16th. Finally, Wells Fargo & Company boosted their price target on shares of NorthWestern Energy Group from $54.00 to $58.00 and gave the stock an overweight rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of $52.86.

NorthWestern Energy Group Company Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.