Northwest Natural (NWN) Set to Announce Earnings on Monday

Northwest Natural (NYSE:NWN) is set to release its earnings data 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.Persons that wish to register for the company’s earnings conference call can do so using this link.

Northwest Natural (NYSE:NWN) last issued its quarterly earnings results on Friday, February 23rd. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.10). The business had revenue of $355.71 million during the quarter, compared to the consensus estimate of $368.78 million. Northwest Natural had a net margin of 7.84% and a return on equity of 7.52%. During the same quarter in the previous year, the business posted $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 Stock Performance

Northwest Natural stock opened at $38.65 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.70. Northwest Natural has a 1 year low of $34.95 and a 1 year high of $48.37. The business has a 50 day moving average of $36.97 and a 200-day moving average of $37.57. The company has a market capitalization of $1.47 billion, a P/E ratio of 14.87 and a beta of 0.54.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.488 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 5.05%. Northwest Natural’s dividend payout ratio (DPR) is currently 75.00%.

Analyst Ratings Changes

Separately, Janney Montgomery Scott started coverage on Northwest Natural in a research note on Wednesday, January 31st. They set a “neutral” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, Northwest Natural currently has a consensus rating of “Hold” and a consensus 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.