Southwest Gas (SWX) to Release Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Southwest Gas to post earnings of $1.70 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Southwest Gas (NYSE:SWX) last issued its quarterly earnings results on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.16. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.27 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 Price Performance

Shares of NYSE:SWX opened at $75.13 on Monday. The business’s 50 day moving average is $72.85 and its 200-day moving average is $64.95. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $5.38 billion, a PE ratio of 35.44, a PEG ratio of 3.63 and a beta of 0.36. Southwest Gas has a 1-year low of $53.79 and a 1-year high of $76.75.

Southwest Gas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Thursday, August 15th will be paid a $0.62 dividend. The ex-dividend date is Thursday, August 15th. This represents a $2.48 dividend on an annualized basis and a yield of 3.30%. Southwest Gas’s payout ratio is currently 116.98%.

Analyst Upgrades and Downgrades

Separately, Citigroup increased their target price on Southwest Gas from $64.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th.

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.