Brokerages Anticipate NorthWestern Corporation (NWE) Will Announce Earnings of $0.75 Per Share
Analysts expect NorthWestern Corporation (NYSE:NWE) to report $0.75 earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for NorthWestern Corporation’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.75. NorthWestern Corporation reported earnings per share of $0.68 in the same quarter last year, which suggests a positive year over year growth rate of 10.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, November 1st.
On average, analysts expect that NorthWestern Corporation will report full year earnings of $3.40 per share for the current financial year, with EPS estimates ranging from $3.40 to $3.41. For the next financial year, analysts forecast that the company will report earnings of $3.44 per share, with EPS estimates ranging from $3.40 to $3.50. Zacks’ EPS calculations are an average based on a survey of research firms that follow NorthWestern Corporation.
NorthWestern Corporation (NYSE:NWE) last released its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.47 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.15). The company had revenue of $283.86 million during the quarter, compared to the consensus estimate of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share.
NWE has been the topic of several analyst reports. Zacks Investment Research upgraded NorthWestern Corporation from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Friday, July 7th. Credit Suisse Group cut NorthWestern Corporation from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $62.00 to $60.00 in a research note on Monday, July 24th. BidaskClub upgraded NorthWestern Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. KeyCorp reiterated a “hold” rating on shares of NorthWestern Corporation in a research note on Friday. Finally, Williams Capital cut NorthWestern Corporation from a “hold” rating to a “sell” rating and reduced their price objective for the company from $64.00 to $52.00 in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. NorthWestern Corporation has an average rating of “Sell” and a consensus price target of $60.00.
NorthWestern Corporation (NYSE:NWE) traded up 0.29% on Monday, hitting $58.87. The stock had a trading volume of 195,445 shares. NorthWestern Corporation has a 52-week low of $54.06 and a 52-week high of $63.86. The firm’s 50-day moving average is $58.51 and its 200-day moving average is $60.10. The company has a market cap of $2.85 billion, a P/E ratio of 17.07 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Thursday, September 14th. NorthWestern Corporation’s payout ratio is currently 60.34%.
In other news, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $60.43, for a total value of $219,119.18. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.33% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NWE. BNP Paribas Arbitrage SA raised its stake in NorthWestern Corporation by 110.6% in the second quarter. BNP Paribas Arbitrage SA now owns 26,364 shares of the utilities provider’s stock valued at $1,609,000 after buying an additional 13,847 shares in the last quarter. State Street Corp raised its stake in NorthWestern Corporation by 4.3% in the first quarter. State Street Corp now owns 1,681,545 shares of the utilities provider’s stock valued at $98,705,000 after buying an additional 69,473 shares in the last quarter. Federated Investors Inc. PA raised its stake in NorthWestern Corporation by 6.5% in the second quarter. Federated Investors Inc. PA now owns 130,224 shares of the utilities provider’s stock valued at $7,946,000 after buying an additional 7,926 shares in the last quarter. Legal & General Group Plc raised its stake in NorthWestern Corporation by 9.1% in the second quarter. Legal & General Group Plc now owns 185,983 shares of the utilities provider’s stock valued at $11,352,000 after buying an additional 15,472 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in NorthWestern Corporation in the second quarter valued at $1,257,000. Institutional investors and hedge funds own 98.33% of the company’s stock.
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NorthWestern Corporation Company Profile
NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.
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