Wall Street brokerages forecast that NorthWestern Co. (NYSE:NWE) will announce earnings of $0.44 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for NorthWestern’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.48. NorthWestern reported earnings per share of $0.47 in the same quarter last year, which would suggest a negative year over year growth rate of 6.4%. The business is expected to issue its next earnings report after the market closes on Thursday, July 19th.
On average, analysts expect that NorthWestern will report full-year earnings of $3.42 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.45. For the next year, analysts expect that the company will post earnings of $3.43 per share, with EPS estimates ranging from $3.40 to $3.45. Zacks’ EPS averages are a mean average based on a survey of analysts that cover NorthWestern.
NorthWestern (NYSE:NWE) last announced its earnings results on Tuesday, April 24th. The utilities provider reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.09). The firm had revenue of $341.50 million during the quarter, compared to analysts’ expectations of $369.59 million. NorthWestern had a net margin of 12.86% and a return on equity of 9.38%. The business’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 EPS.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of NorthWestern from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. ValuEngine lowered shares of NorthWestern from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, KeyCorp upgraded shares of NorthWestern from a “sector weight” rating to an “overweight” rating in a research report on Monday, June 4th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $55.80.
In other news, CEO Robert C. Rowe sold 8,826 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $54.92, for a total transaction of $484,723.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the business. Adviser Investments LLC bought a new position in shares of NorthWestern during the 1st quarter valued at approximately $108,000. Advisor Group Inc. increased its stake in shares of NorthWestern by 105.9% during the fourth quarter. Advisor Group Inc. now owns 2,296 shares of the utilities provider’s stock valued at $136,000 after buying an additional 1,181 shares during the period. Vident Investment Advisory LLC purchased a new position in shares of NorthWestern during the fourth quarter valued at $289,000. Koch Industries Inc. purchased a new position in NorthWestern in the fourth quarter valued at about $293,000. Finally, Zeke Capital Advisors LLC purchased a new position in NorthWestern in the first quarter valued at about $295,000. Institutional investors and hedge funds own 93.57% of the company’s stock.
NorthWestern traded up $0.16, reaching $57.25, during trading hours on Friday, according to MarketBeat Ratings. 478,670 shares of the company were exchanged, compared to its average volume of 457,812. NorthWestern has a 1 year low of $50.01 and a 1 year high of $64.47. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.66 and a current ratio of 0.79. The company has a market capitalization of $2.83 billion, a PE ratio of 17.35, a price-to-earnings-growth ratio of 5.56 and a beta of 0.22.
The business also recently announced a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 15th were paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 3.84%. The ex-dividend date was Thursday, June 14th. NorthWestern’s dividend payout ratio is currently 66.67%.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.
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