Northwest Natural (NWN) Set to Announce Quarterly Earnings on Monday

Northwest Natural (NYSE:NWN) will announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $1.86 per share for the quarter. Northwest Natural has set its FY 2024 guidance at 2.200-2.400 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings data on Friday, February 23rd. The utilities provider reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.10). The company had revenue of $355.71 million during the quarter, compared to analyst estimates 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

NWN stock opened at $38.65 on Friday. The stock has a market capitalization of $1.47 billion, a PE ratio of 14.87 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.86 and a quick ratio of 0.70. The company has a 50 day moving average price of $36.97 and a 200 day moving average price of $37.57. Northwest Natural has a fifty-two week low of $34.95 and a fifty-two week high of $48.37.

Northwest Natural Dividend Announcement

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

Analyst Ratings Changes

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