Northwest Natural (NYSE:NWN) Updates Q3 2024 Earnings Guidance

Northwest Natural (NYSE:NWNGet Free Report) issued an update on its third quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of -0.860–0.740 for the period. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Wall Street Analyst Weigh In

Several equities analysts recently commented on NWN shares. Stifel Nicolaus upped their target price on Northwest Natural from $39.00 to $40.00 and gave the company a buy rating in a research note on Tuesday. Janney Montgomery Scott began coverage on shares of Northwest Natural in a report on Wednesday, January 31st. They set a neutral rating and a $39.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $41.40.

Check Out Our Latest Stock Analysis on NWN

Northwest Natural Trading Up 0.2 %

Shares of NWN stock traded up $0.09 during mid-day trading on Wednesday, reaching $38.46. The company’s stock had a trading volume of 149,496 shares, compared to its average volume of 331,025. The company’s 50 day simple moving average is $37.09 and its 200-day simple moving average is $37.50. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. Northwest Natural has a 12-month low of $34.95 and a 12-month high of $47.29. The firm has a market capitalization of $1.46 billion, a PE ratio of 14.76 and a beta of 0.54.

Northwest Natural (NYSE:NWNGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.69 EPS for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The company had revenue of $433.50 million for the quarter, compared to analyst estimates of $447.81 million. Northwest Natural had a return on equity of 7.52% and a net margin of 7.84%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.01 EPS. On average, research analysts predict that Northwest Natural will post 2.27 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.488 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 5.08%. Northwest Natural’s payout ratio is currently 75.00%.

About Northwest Natural

(Get Free Report)

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.

Further Reading

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