Southwest Gas Corporation (SWX) Earns News Impact Rating of 0.22
Media stories about Southwest Gas Corporation (NYSE:SWX) have been trending somewhat positive on Thursday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Southwest Gas Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 47.4823635040414 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Head-To-Head Survey: Southwest Gas Corporation (SWX) vs. Its Rivals (americanbankingnews.com)
- Southwest Gas Corporation (SWX) Issues Earnings Results (americanbankingnews.com)
- Southwest Gas Corp. Reveals 313% Increase In Q3 Profit (rttnews.com)
- BRIEF-Southwest Gas Holdings reports Q3 earnings per share $0.21 (SWX) (markets.businessinsider.com)
- Southwest Gas Holdings, Inc. Announces Third Quarter 2017 Earnings (finance.yahoo.com)
SWX has been the subject of a number of research analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $70.00 price target on shares of Southwest Gas Corporation in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of Southwest Gas Corporation in a report on Friday, September 1st. Zacks Investment Research raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. BidaskClub downgraded Southwest Gas Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, UBS AG increased their price objective on Southwest Gas Corporation from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Southwest Gas Corporation currently has a consensus rating of “Hold” and a consensus target price of $81.00.
Shares of Southwest Gas Corporation (SWX) opened at $83.20 on Thursday. The firm has a market capitalization of $3,907.33, a P/E ratio of 24.08, a PEG ratio of 3.71 and a beta of 0.61. Southwest Gas Corporation has a fifty-two week low of $69.85 and a fifty-two week high of $86.65. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.98.
Southwest Gas Corporation (NYSE:SWX) last posted its quarterly earnings data on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The business had revenue of $593.15 million during the quarter, compared to the consensus estimate of $579.40 million. Southwest Gas Corporation had a return on equity of 9.58% and a net margin of 6.64%. The company’s revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.05 earnings per share. sell-side analysts predict that Southwest Gas Corporation will post 3.42 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend is Tuesday, November 14th. Southwest Gas Corporation’s dividend payout ratio (DPR) is presently 58.24%.
In other news, SVP Karen S. Haller sold 1,300 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $80.95, for a total transaction of $105,235.00. Following the completion of the sale, the senior vice president now owns 26,639 shares in the company, valued at $2,156,427.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth J. Kenny sold 600 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $80.90, for a total value of $48,540.00. Following the sale, the vice president now owns 17,137 shares of the company’s stock, valued at approximately $1,386,383.30. The disclosure for this sale can be found here. 0.99% of the stock is owned by corporate insiders.
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Southwest Gas Corporation Company Profile
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).
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