Northwest Natural (NWN) to Release Quarterly Earnings on Monday

Northwest Natural (NYSE:NWN) is set to post its quarterly earnings results before the market opens on Monday, May 6th. Analysts expect Northwest Natural to post earnings of $1.86 per share for the quarter. Northwest Natural has set its FY 2024 guidance at 2.200-2.400 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Northwest Natural (NYSE:NWN) last released its earnings results on Friday, February 23rd. The utilities provider reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.10). The firm had revenue of $355.71 million during the quarter, compared to the consensus estimate of $368.78 million. Northwest Natural had a return on equity of 7.52% and a net margin of 7.84%. During the same quarter in the previous year, the firm earned $1.36 EPS. On average, analysts expect Northwest Natural to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Natural Trading Down 0.9 %

NWN stock opened at $38.32 on Monday. The company has a market capitalization of $1.46 billion, a PE ratio of 14.74 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.70 and a current ratio of 0.86. Northwest Natural has a one year low of $34.95 and a one year high of $48.37. The company’s 50 day moving average price is $36.99 and its two-hundred day moving average price is $37.57.

Northwest Natural Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Monday, April 29th. Northwest Natural’s dividend payout ratio is currently 75.00%.

Analysts Set New Price Targets

Separately, Janney Montgomery Scott started coverage on shares of Northwest Natural in a research report on Wednesday, January 31st. They set a “neutral” rating and a $39.00 price target for the company. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.20.

About Northwest Natural

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.