Brokerages forecast that Northwest Natural Holding Co (NYSE:NWN) will post $1.18 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Northwest Natural’s earnings. Northwest Natural reported earnings of $1.04 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The business is expected to report its next quarterly earnings report on Friday, February 22nd.
On average, analysts expect that Northwest Natural will report full year earnings of $2.23 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.25. For the next year, analysts anticipate that the firm will post earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.48. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Northwest Natural.
Northwest Natural (NYSE:NWN) last released its earnings results on Tuesday, November 6th. The utilities provider reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.04). The company had revenue of $91.20 million for the quarter, compared to analyst estimates of $98.42 million. Northwest Natural had a negative net margin of 8.52% and a positive return on equity of 7.97%. Northwest Natural’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.30) earnings per share.
Several equities analysts recently commented on NWN shares. ValuEngine upgraded shares of Northwest Natural from a “hold” rating to a “buy” rating in a research note on Thursday, September 13th. Zacks Investment Research upgraded shares of Northwest Natural from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Thursday, August 9th. TheStreet cut shares of Northwest Natural from a “b” rating to a “c+” rating in a research note on Tuesday, August 7th. Finally, Guggenheim reiterated a “sell” rating and set a $51.00 target price on shares of Northwest Natural in a research note on Monday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $61.60.
In other news, CEO David A. Weber sold 7,000 shares of the stock in a transaction on Friday, August 17th. The shares were sold at an average price of $65.08, for a total value of $455,560.00. Following the completion of the transaction, the chief executive officer now owns 2,296 shares in the company, valued at approximately $149,423.68. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Mardilyn Saathoff sold 2,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $64.91, for a total transaction of $129,820.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,500 shares of company stock valued at $807,980. Corporate insiders own 1.19% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its stake in shares of Northwest Natural by 8.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 231,100 shares of the utilities provider’s stock valued at $14,745,000 after buying an additional 18,183 shares in the last quarter. Personal Capital Advisors Corp raised its stake in shares of Northwest Natural by 8.4% in the 3rd quarter. Personal Capital Advisors Corp now owns 66,080 shares of the utilities provider’s stock valued at $4,421,000 after buying an additional 5,099 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Northwest Natural by 13.6% in the 2nd quarter. Legal & General Group Plc now owns 179,282 shares of the utilities provider’s stock valued at $11,458,000 after buying an additional 21,491 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Northwest Natural by 4.1% in the 2nd quarter. Wells Fargo & Company MN now owns 177,458 shares of the utilities provider’s stock valued at $11,322,000 after buying an additional 7,060 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of Northwest Natural by 9.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 21,552 shares of the utilities provider’s stock valued at $1,375,000 after buying an additional 1,946 shares in the last quarter. Institutional investors own 67.97% of the company’s stock.
NYSE:NWN traded up $0.07 during trading hours on Friday, hitting $68.53. 101,540 shares of the company traded hands, compared to its average volume of 135,774. The stock has a market cap of $1.96 billion, a P/E ratio of 30.59, a PEG ratio of 7.03 and a beta of 0.26. Northwest Natural has a twelve month low of $51.50 and a twelve month high of $71.81. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.57 and a quick ratio of 0.46.
The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a dividend of $0.475 per share. This is a boost from Northwest Natural’s previous quarterly dividend of $0.47. This represents a $1.90 annualized dividend and a yield of 2.77%. The ex-dividend date is Tuesday, October 30th. Northwest Natural’s dividend payout ratio is presently 84.82%.
About Northwest Natural
Northwest Natural Holding Company, through its subsidiary, NW Natural Gas Company, operates as a regulated natural gas distribution company. The company serves approximately 740,000 natural gas customers in Oregon and Southwest Washington through 14,000 miles of pipeline systems in the United States.
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