Southwest Gas (SWX) Projected to Post Earnings on Wednesday

Southwest Gas (NYSE:SWX - Get Free Report) is anticipated to release its Q1 2025 earnings data before the market opens on Wednesday, May 7th. Analysts expect Southwest Gas to post earnings of $1.66 per share and revenue of $1.50 billion for the quarter.

Southwest Gas (NYSE:SWX - Get Free Report) last posted its earnings results on Wednesday, February 26th. The utilities provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.18. Southwest Gas had a return on equity of 5.99% and a net margin of 3.44%. The company had revenue of $1.27 billion during the quarter, compared to analysts' expectations of $1.35 billion. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Trading Up 1.0 %

Shares of Southwest Gas stock traded up $0.73 during trading hours on Friday, hitting $74.03. The company's stock had a trading volume of 296,696 shares, compared to its average volume of 349,362. The firm has a fifty day moving average of $72.75 and a 200-day moving average of $73.71. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 29.85, a P/E/G ratio of 3.16 and a beta of 0.50. Southwest Gas has a twelve month low of $64.31 and a twelve month high of $80.29.

Southwest Gas Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Friday, August 15th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 3.35%. The ex-dividend date is Friday, August 15th. Southwest Gas's dividend payout ratio (DPR) is presently 90.18%.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn sold 2,100,000 shares of Southwest Gas stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $74.60, for a total value of $156,660,000.00. Following the completion of the transaction, the insider now owns 7,532,604 shares in the company, valued at approximately $561,932,258.40. This trade represents a 21.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.39% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Jefferies Financial Group began coverage on shares of Southwest Gas in a report on Tuesday, January 14th. They issued a "hold" rating and a $73.00 price objective on the stock. LADENBURG THALM/SH SH upgraded Southwest Gas to a "strong-buy" rating in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. cut their price objective on Southwest Gas from $76.00 to $72.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Southwest Gas currently has an average rating of "Hold" and an average price target of $74.00.

Southwest Gas Company Profile

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.