NorthWestern Corporation (NWE) Set to Announce Earnings on Wednesday
NorthWestern Corporation (NYSE:NWE) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 1st. Analysts expect NorthWestern Corporation to post earnings of $0.76 per share for the quarter.
NorthWestern Corporation (NYSE:NWE) last announced its 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 for the quarter, compared to analyst estimates of $302.42 million. NorthWestern Corporation had a return on equity of 9.31% and a net margin of 13.17%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, analysts expect NorthWestern Corporation to post $3.4 EPS for the current fiscal year and $3.44 EPS for the next fiscal year.
NorthWestern Corporation (NYSE:NWE) opened at 58.60 on Wednesday. The firm has a market capitalization of $2.84 billion, a P/E ratio of 16.99 and a beta of 0.36. NorthWestern Corporation has a one year low of $54.06 and a one year high of $63.86. The firm’s 50-day moving average price is $58.48 and its 200 day moving average price is $60.11.
In other news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $60.43, for a total transaction of $219,119.18. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.33% of the stock is currently owned by company insiders.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research raised 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. Williams Capital raised their price objective on NorthWestern Corporation from $61.00 to $64.00 and gave the company a “hold” rating in a research note on Wednesday, July 5th. BidaskClub cut NorthWestern Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, KeyCorp reaffirmed a “hold” rating on shares of NorthWestern Corporation in a research note on Friday, October 20th. Four research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company presently has an average rating of “Sell” and an average target price of $58.50.
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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