Southwest Gas Holdings, Inc. to Post Q3 2024 Earnings of $0.11 Per Share, Zacks Research Forecasts (NYSE:SWX)

Southwest Gas Holdings, Inc. (NYSE:SWX) – Analysts at Zacks Research raised their Q3 2024 EPS estimates for Southwest Gas in a research note issued on Tuesday, April 9th. Zacks Research analyst R. Department now expects that the utilities provider will post earnings per share of $0.11 for the quarter, up from their prior estimate of $0.05. The consensus estimate for Southwest Gas’ current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Southwest Gas’ Q4 2024 earnings at $1.07 EPS, FY2024 earnings at $3.38 EPS, Q2 2025 earnings at $0.61 EPS and Q4 2025 earnings at $1.62 EPS.

Southwest Gas (NYSE:SWX) last issued its earnings results on Wednesday, February 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $0.97 by $0.16. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.27 billion.

Several other analysts also recently commented on the company. Citigroup increased their price objective on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. StockNews.com raised Southwest Gas from a “sell” rating to a “hold” rating in a research report on Wednesday, December 27th.

Southwest Gas Stock Performance

NYSE SWX opened at $73.02 on Thursday. The company has a market cap of $5.23 billion, a P/E ratio of 34.44, a PEG ratio of 3.70 and a beta of 0.36. The company has a fifty day simple moving average of $68.26 and a 200 day simple moving average of $63.25. Southwest Gas has a 12-month low of $53.79 and a 12-month high of $76.75. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39.

Southwest Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, May 14th. Southwest Gas’s dividend payout ratio (DPR) is 116.98%.

Institutional Trading of Southwest Gas

A number of large investors have recently bought and sold shares of SWX. Fifth Third Bancorp raised its position in shares of Southwest Gas by 56.1% in the third quarter. Fifth Third Bancorp now owns 484 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 174 shares during the period. International Assets Investment Management LLC bought a new stake in Southwest Gas during the 3rd quarter valued at $34,000. IFP Advisors Inc lifted its position in shares of Southwest Gas by 37.4% during the second quarter. IFP Advisors Inc now owns 713 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 194 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Southwest Gas by 256.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 876 shares of the utilities provider’s stock worth $54,000 after acquiring an additional 630 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in shares of Southwest Gas by 207.3% in the first quarter. NewEdge Advisors LLC now owns 1,008 shares of the utilities provider’s stock worth $63,000 after acquiring an additional 680 shares during the period. 92.77% of the stock is owned by hedge funds and other institutional investors.

About Southwest Gas

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.