Northwest Natural (NYSE:NWN - Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.20-2.40 for the period, compared to the consensus estimate of $2.29. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.
Analyst Ratings Changes
Separately, Janney Montgomery Scott initiated coverage on Northwest Natural in a report on Wednesday, January 31st. They set a neutral rating and a $39.00 target price on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $45.20.
Check Out Our Latest Report on Northwest Natural
Northwest Natural Trading Down 2.0 %
NYSE:NWN traded down $0.76 on Monday, hitting $37.87. The stock had a trading volume of 334,776 shares, compared to its average volume of 334,177. The company has a fifty day moving average price of $37.05 and a two-hundred day moving average price of $37.51. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 14.57 and a beta of 0.54. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. Northwest Natural has a 1-year low of $34.95 and a 1-year high of $47.29.
Northwest Natural (NYSE:NWN - Get Free Report) last released its quarterly 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 business had revenue of $355.71 million for the quarter, compared to analysts' expectations 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 prior year, the company posted $1.36 earnings per share. Equities research analysts expect that Northwest Natural will post 2.27 earnings per share for the current fiscal year.
Northwest Natural Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be issued a dividend of $0.488 per share. The ex-dividend date is Monday, April 29th. This represents a $1.95 dividend on an annualized basis and a yield of 5.15%. Northwest Natural's dividend payout ratio (DPR) is presently 75.00%.
Northwest Natural Company Profile
(
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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.
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