NorthWestern Corp. (NWE) Releases Quarterly Earnings Results
NorthWestern Corp. (NYSE:NWE) posted its quarterly earnings results on Thursday. The company reported $1.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.08 by $0.08, AR Network reports. The company had revenue of $369.70 million for the quarter, compared to the consensus estimate of $326.00 million. During the same quarter last year, the company posted $1.01 earnings per share. NorthWestern Corp.’s revenue was up 18.1% compared to the same quarter last year.
Shares of NorthWestern Corp. (NYSE:NWE) traded down 0.04% on Thursday, hitting $47.65. 23,424 shares of the company’s stock traded hands. NorthWestern Corp. has a 52-week low of $38.12 and a 52-week high of $48.81. The stock has a 50-day moving average of $46.87 and a 200-day moving average of $45.20. The company has a market cap of $1.847 billion and a price-to-earnings ratio of 19.38.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.36%.
On the ratings front, analysts at Sidoti initiated coverage on shares of NorthWestern Corp. in a research note on Thursday, March 6th. They set a “buy” rating on the stock.
NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to approximately 668,300 customers in Montana, South Dakota and Nebraska.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.