Equities analysts expect that Northwest Natural Holding Co (NYSE:NWN) will post earnings per share of $1.45 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Northwest Natural’s earnings. Northwest Natural reported earnings of $1.44 per share during the same quarter last year, which indicates a positive year over year growth rate of 0.7%. The business is expected to announce its next quarterly earnings results before the market opens on Tuesday, May 7th.
On average, analysts expect that Northwest Natural will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.10 to $2.35. For the next year, analysts anticipate that the business will post earnings of $2.45 per share. Zacks’ EPS calculations are an average based on a survey of research firms that cover Northwest Natural.
Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Friday, March 1st. The utilities provider reported $1.27 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.09. The business had revenue of $226.70 million for the quarter. Northwest Natural had a return on equity of 8.82% and a net margin of 9.13%.
NWN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Northwest Natural from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Thursday, February 7th. Maxim Group initiated coverage on Northwest Natural in a research report on Tuesday, January 8th. They set a “buy” rating and a $72.00 price target on the stock. TheStreet upgraded Northwest Natural from a “c” rating to a “b-” rating in a research report on Friday, March 1st. Wells Fargo & Co increased their price target on Northwest Natural from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Monday, March 4th. Finally, Guggenheim reiterated a “sell” rating and issued a $49.00 price objective on shares of Northwest Natural in a research report on Monday, January 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.00.
In other Northwest Natural news, CEO David Hugo Anderson sold 19,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $64.94, for a total value of $1,233,860.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director C Scott Gibson sold 1,746 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $65.31, for a total value of $114,031.26. The disclosure for this sale can be found here. Insiders sold a total of 28,846 shares of company stock worth $1,869,082 over the last quarter. Corporate insiders own 1.19% of the company’s stock.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in shares of Northwest Natural by 3.2% in the 4th quarter. BlackRock Inc. now owns 4,328,107 shares of the utilities provider’s stock worth $261,677,000 after purchasing an additional 135,173 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Northwest Natural by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 3,063,403 shares of the utilities provider’s stock worth $204,941,000 after purchasing an additional 48,251 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Northwest Natural by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 3,063,403 shares of the utilities provider’s stock worth $204,941,000 after purchasing an additional 48,251 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Northwest Natural by 1.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 901,878 shares of the utilities provider’s stock worth $54,527,000 after purchasing an additional 8,671 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Northwest Natural by 9.2% in the 3rd quarter. Renaissance Technologies LLC now owns 696,000 shares of the utilities provider’s stock worth $46,562,000 after purchasing an additional 58,400 shares during the last quarter. Institutional investors and hedge funds own 68.49% of the company’s stock.
NYSE NWN traded down $0.21 during trading hours on Friday, reaching $64.84. 89,576 shares of the company’s stock were exchanged, compared to its average volume of 118,678. The firm has a market cap of $1.88 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 6.66 and a beta of 0.40. Northwest Natural has a one year low of $56.90 and a one year high of $71.81. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.58 and a quick ratio of 0.49.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a $0.475 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.90 dividend on an annualized basis and a yield of 2.93%. Northwest Natural’s payout ratio is 81.55%.
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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.
Further Reading: Convertible Shares
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Northwest Natural Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Northwest Natural and related companies with MarketBeat.com's FREE daily email newsletter.