NorthWestern (NASDAQ:NWE) Shares Up 4.9% - Here's What Happened

Key Points

• NorthWestern Corporation's stock rose by 4.9% to $57.62, despite a significant decrease in trading volume.
• Recent analyst reviews have led to a consensus rating of "Hold" for NorthWestern, with an average price target of $56.00.
• The company reported better-than-expected quarterly earnings, achieving $0.40 EPS against an estimate of $0.38, along with total revenues of $342.70 million.

NorthWestern Corporation (NASDAQ:NWE - Get Free Report) traded up 4.9% during mid-day trading on Tuesday . The company traded as high as $57.68 and last traded at $57.62. 205,802 shares were traded during mid-day trading, a decline of 55% from the average session volume of 459,612 shares. The stock had previously closed at $54.93.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. LADENBURG THALM/SH SH cut NorthWestern from a "strong-buy" rating to a "hold" rating and set a $56.00 target price for the company. in a research report on Monday, June 2nd. Wall Street Zen raised NorthWestern from a "sell" rating to a "hold" rating in a research report on Sunday, June 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, NorthWestern presently has an average rating of "Hold" and an average target price of $56.00.

NorthWestern Stock Up 2.5%

The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.35. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.52 and a current ratio of 0.75. The firm's fifty day moving average is $53.23.

NorthWestern (NASDAQ:NWE - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. The business had revenue of $342.70 million for the quarter, compared to analyst estimates of $333.62 million. NorthWestern had a return on equity of 7.30% and a net margin of 14.76%.

NorthWestern Company Profile

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.