Northwest Natural Gas (NYSE:NWN) released its earnings data on Thursday. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.01, Analyst Ratings News reports. The company had revenue of $88.20 million for the quarter, compared to the consensus estimate of $93.39 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Northwest Natural Gas updated its FY13 guidance to $2.02-2.22 EPS.
Shares of Northwest Natural Gas (NYSE:NWN) traded down 0.44% on Thursday, hitting $42.98. 23,270 shares of the company’s stock traded hands. Northwest Natural Gas has a 52 week low of $39.96 and a 52 week high of $46.55. The stock’s 50-day moving average is $42.45 and its 200-day moving average is $42.94. The company has a market cap of $1.159 billion and a P/E ratio of 20.06.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Tuesday, October 29th. This is an increase from Northwest Natural Gas’s previous quarterly dividend of $0.46.
On the ratings front, analysts at TheStreet downgraded shares of Northwest Natural Gas from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th.
Northwest Natural Gas Company (NYSE:NWN) is a supplier of gas service.
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