Equities research analysts expect NorthWestern Corp (NYSE:NWE) to announce earnings of $1.18 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for NorthWestern’s earnings. NorthWestern reported earnings of $1.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 4.4%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, April 24th.
According to Zacks, analysts expect that NorthWestern will report full-year earnings of $3.42 per share for the current year, with EPS estimates ranging from $3.40 to $3.45. For the next financial year, analysts forecast that the firm will post earnings of $3.41 per share, with EPS estimates ranging from $3.39 to $3.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover NorthWestern.
NorthWestern (NYSE:NWE) last posted its earnings results on Monday, February 12th. The utilities provider reported $0.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.02 by ($0.04). NorthWestern had a net margin of 12.46% and a return on equity of 9.33%. The business had revenue of $344.55 million for the quarter.
Several equities analysts have recently issued reports on the company. Zacks Investment Research cut NorthWestern from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo set a $55.00 target price on NorthWestern and gave the company a “hold” rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Sell” and an average price target of $55.60.
NWE opened at $54.17 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.39 and a current ratio of 0.47. NorthWestern has a 52-week low of $50.01 and a 52-week high of $64.47. The company has a market cap of $2,696.59, a PE ratio of 16.39, a price-to-earnings-growth ratio of 6.73 and a beta of 0.23.
The company also recently declared a dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a $0.55 dividend. The ex-dividend date was Wednesday, March 14th. NorthWestern’s payout ratio is 66.67%.
In other news, VP Michael R. Cashell sold 1,000 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $50.95, for a total value of $50,950.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jan Robert Horsfall sold 1,800 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $57.38, for a total value of $103,284.00. Following the completion of the sale, the director now directly owns 5,155 shares in the company, valued at $295,793.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,900 shares of company stock worth $414,181. 1.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWE. American Century Companies Inc. grew its stake in shares of NorthWestern by 48.1% in the fourth quarter. American Century Companies Inc. now owns 2,314,271 shares of the utilities provider’s stock worth $138,162,000 after acquiring an additional 751,896 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of NorthWestern by 3,633.4% during the fourth quarter. OppenheimerFunds Inc. now owns 503,072 shares of the utilities provider’s stock valued at $30,034,000 after purchasing an additional 489,597 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of NorthWestern by 34.9% during the third quarter. Janus Henderson Group PLC now owns 811,575 shares of the utilities provider’s stock valued at $46,211,000 after purchasing an additional 209,765 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of NorthWestern by 9.8% during the fourth quarter. Macquarie Group Ltd. now owns 968,078 shares of the utilities provider’s stock valued at $57,159,000 after purchasing an additional 86,652 shares in the last quarter. Finally, MetLife Investment Advisors LLC bought a new position in shares of NorthWestern during the fourth quarter valued at $5,042,000. 94.06% of the stock is currently owned by hedge funds and other institutional investors.
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NorthWestern Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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