$0.15 EPS Expected for Southwestern Energy Company (SWN) This Quarter
Wall Street brokerages expect that Southwestern Energy Company (NYSE:SWN) will report earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Southwestern Energy’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.21. Southwestern Energy reported earnings per share of $0.08 in the same quarter last year, which indicates a positive year over year growth rate of 87.5%. The company is expected to announce its next earnings results on Thursday, February 22nd.
According to Zacks, analysts expect that Southwestern Energy will report full-year earnings of $0.45 per share for the current financial year, with EPS estimates ranging from $0.38 to $0.53. For the next fiscal year, analysts expect that the business will post earnings of $0.85 per share, with EPS estimates ranging from $0.64 to $1.13. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Southwestern Energy.
Southwestern Energy (NYSE:SWN) last posted its quarterly earnings results on Thursday, October 26th. The energy company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The firm had revenue of $737.00 million for the quarter, compared to the consensus estimate of $773.99 million. Southwestern Energy had a return on equity of 23.99% and a net margin of 16.31%. The firm’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Southwestern Energy (SWN) traded up $0.02 during mid-day trading on Friday, hitting $6.38. The stock had a trading volume of 18,250,000 shares, compared to its average volume of 16,920,000. The company has a debt-to-equity ratio of 2.66, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $3,270.00, a P/E ratio of 15.95 and a beta of 1.23. Southwestern Energy has a 12 month low of $4.90 and a 12 month high of $12.85.
Several hedge funds have recently modified their holdings of the company. Shell Asset Management Co. purchased a new position in shares of Southwestern Energy in the 3rd quarter valued at approximately $1,880,000. Airain ltd lifted its stake in shares of Southwestern Energy by 4.6% in the 2nd quarter. Airain ltd now owns 423,311 shares of the energy company’s stock valued at $2,574,000 after purchasing an additional 18,730 shares during the period. Brookfield Asset Management Inc. purchased a new position in shares of Southwestern Energy in the 2nd quarter valued at approximately $3,040,000. Bank of New York Mellon Corp lifted its stake in shares of Southwestern Energy by 27.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,769,507 shares of the energy company’s stock valued at $35,078,000 after purchasing an additional 1,231,562 shares during the period. Finally, Engineers Gate Manager LP lifted its stake in shares of Southwestern Energy by 315.3% in the 2nd quarter. Engineers Gate Manager LP now owns 525,699 shares of the energy company’s stock valued at $3,196,000 after purchasing an additional 399,106 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This piece was published by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/03/0-15-eps-expected-for-southwestern-energy-company-swn-this-quarter.html.
About Southwestern Energy
Southwestern Energy Company is an energy company engaged in natural gas and oil exploration, development and production. The Company operates through two segments: Exploration and Production (E&P) and Midstream Services. Its operations in northeast Pennsylvania are primarily focused on the unconventional natural gas reservoir known as the Marcellus Shale.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Southwestern Energy Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwestern Energy Company and related companies with MarketBeat.com's FREE daily email newsletter.