Southwest Gas (NYSE:SWX) Releases FY 2021 Earnings Guidance

Southwest Gas (NYSE:SWX) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $4.000-$4.100 for the period, compared to the Thomson Reuters consensus estimate of $4.180. The company issued revenue guidance of -.

SWX traded up $0.39 during trading on Thursday, reaching $70.23. 170,560 shares of the company’s stock were exchanged, compared to its average volume of 484,453. Southwest Gas has a one year low of $57.00 and a one year high of $73.54. The company has a quick ratio of 0.79, a current ratio of 1.03 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $4.24 billion, a PE ratio of 17.17, a PEG ratio of 3.17 and a beta of 0.21. The stock has a fifty day moving average price of $68.66.

Southwest Gas (NYSE:SWX) last posted its earnings results on Tuesday, November 9th. The utilities provider reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.12). Southwest Gas had a return on equity of 8.89% and a net margin of 6.68%. During the same quarter in the prior year, the business earned $0.32 EPS. As a group, equities research analysts anticipate that Southwest Gas will post 4.03 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 1st. Stockholders of record on Tuesday, February 15th will be paid a $0.595 dividend. This represents a $2.38 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date is Monday, February 14th. Southwest Gas’s dividend payout ratio is currently 58.19%.

Separately, Zacks Investment Research lowered shares of Southwest Gas from a buy rating to a hold rating in a research note on Friday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Hold and an average target price of $68.25.

An institutional investor recently raised its position in Southwest Gas stock. Morgan Stanley lifted its stake in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 33.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 190,729 shares of the utilities provider’s stock after acquiring an additional 47,675 shares during the period. Morgan Stanley owned 0.32% of Southwest Gas worth $12,624,000 at the end of the most recent reporting period. Institutional investors own 82.74% of the company’s stock.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses in purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

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Earnings History and Estimates for Southwest Gas (NYSE:SWX)

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