Southwest Gas (SWX) Expected to Announce Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Southwest Gas to post earnings of $1.21 per share and revenue of $1.35 billion for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Southwest Gas Stock Up 0.5 %

Shares of NYSE:SWX opened at $77.26 on Tuesday. The company has a fifty day moving average of $72.99 and a 200-day moving average of $73.59. The company has a market capitalization of $5.54 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 3.16 and a beta of 0.44. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. Southwest Gas has a 52-week low of $61.13 and a 52-week high of $80.29.

Southwest Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.48 annualized dividend and a dividend yield of 3.21%. Southwest Gas’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Jefferies Financial Group assumed coverage on shares of Southwest Gas in a report on Tuesday, January 14th. They set a “hold” rating and a $73.00 price target for the company. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a “strong-buy” rating in a report on Friday, January 24th. Bank of America reiterated an “underperform” rating and set a $73.00 price target on shares of Southwest Gas in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.80.

About Southwest Gas

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.