NorthWestern Energy Group (NWE) Scheduled to Post Earnings on Thursday

NorthWestern Energy Group (NYSE:NWE) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $1.39 per share for the quarter. NorthWestern Energy Group has set its FY 2024 guidance at 3.420-3.620 EPS and its FY24 guidance at $3.42-3.62 EPS.Parties interested in participating in the company’s conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.19 by $0.19. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. The firm had revenue of $356.00 million for the quarter, compared to analyst estimates of $443.27 million. During the same period in the previous year, the company posted $1.13 EPS. On average, analysts expect NorthWestern Energy Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NorthWestern Energy Group Stock Up 0.5 %

Shares of NYSE:NWE opened at $50.40 on Tuesday. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.65 and a beta of 0.43. The company has a 50 day moving average of $49.12 and a two-hundred day moving average of $49.47. NorthWestern Energy Group has a 52-week low of $45.97 and a 52-week high of $60.56. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.97.

NorthWestern Energy Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 5.16%. This is a positive change from NorthWestern Energy Group’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, March 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.75%.

Analysts Set New Price Targets

A number of research firms have weighed in on NWE. KeyCorp reissued a “sector weight” rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. Guggenheim raised NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 price target for the company in a report on Monday, January 22nd. StockNews.com upgraded NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. upped their target price on NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Finally, Barclays raised their price target on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the stock an “underweight” rating in a research report on Monday, January 22nd. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NorthWestern Energy Group presently has an average rating of “Hold” and a consensus target price of $51.71.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.