NorthWestern (NASDAQ:NWE) Posts Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• NorthWestern (NASDAQ:NWE) reported an earnings per share (EPS) of $0.40 for the quarter, exceeding analysts' expectations of $0.38 by $0.02.
• Shares of NorthWestern are currently trading at $52.61, with a market capitalization of $3.23 billion and a P/E ratio of 13.70.
• Recent analyst ratings have varied, with Ladenburg Thalm/SH SH maintaining a "hold" rating and setting a target price of $56.00, while Wall Street Zen upgraded the stock from "sell" to "hold".

NorthWestern (NASDAQ:NWE - Get Free Report) issued its earnings results on Wednesday. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02, Zacks reports. NorthWestern had a return on equity of 7.32% and a net margin of 14.76%. The firm had revenue of $342.70 million for the quarter, compared to the consensus estimate of $333.62 million.

NorthWestern Trading Down 0.3%

NASDAQ NWE traded down $0.17 on Friday, hitting $53.53. 459,008 shares of the company were exchanged, compared to its average volume of 467,029. NorthWestern has a 12 month low of $50.43 and a 12 month high of $59.89. The stock has a market capitalization of $3.29 billion, a P/E ratio of 14.59, a PEG ratio of 2.13 and a beta of 0.35. The stock's fifty day moving average is $52.49. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.89 and a current ratio of 1.19.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NWE shares. LADENBURG THALM/SH SH cut shares of NorthWestern from a "strong-buy" rating to a "hold" rating and set a $56.00 price objective for the company. in a research report on Monday, June 2nd. Wall Street Zen raised shares of NorthWestern from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st.

About NorthWestern

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.