Northwest Natural (NWN) to Release Earnings on Tuesday

Northwest Natural (NYSE:NWN) will be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of ($0.79) per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Northwest Natural (NYSE:NWN) last issued its earnings results on Friday, August 2nd. The utilities provider reported ($0.07) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.06. The business had revenue of $211.70 million for the quarter, compared to analyst estimates of $231.99 million. Northwest Natural had a return on equity of 6.31% and a net margin of 7.18%. The business’s quarterly revenue was down 11.0% on a year-over-year basis. During the same period last year, the company posted $0.03 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

Northwest Natural stock opened at $38.42 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.97 and a quick ratio of 0.73. Northwest Natural has a 12 month low of $34.82 and a 12 month high of $41.25. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 17.62 and a beta of 0.58. The stock’s 50-day moving average is $39.90 and its 200-day moving average is $38.47.

Northwest Natural Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.10%. This is a boost from Northwest Natural’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, October 31st. Northwest Natural’s payout ratio is 89.91%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on NWN shares. Janney Montgomery Scott raised shares of Northwest Natural from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $43.00 in a research note on Monday, August 5th. StockNews.com raised shares of Northwest Natural from a “sell” rating to a “hold” rating in a report on Monday, August 5th.

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.