Brokerages expect that NorthWestern Corp (NYSE:NWE) will report $1.01 earnings per share (EPS) for the current quarter, Zacks reports. Zero analysts have made estimates for NorthWestern’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.04. NorthWestern reported earnings per share of $0.96 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.2%. The firm is expected to announce its next earnings report after the market closes on Monday, February 12th.
On average, analysts expect that NorthWestern will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.41. For the next year, analysts forecast that the firm will report earnings of $3.44 per share, with EPS estimates ranging from $3.40 to $3.50. Zacks’ earnings per share averages are an average based on a survey of analysts that cover NorthWestern.
NorthWestern (NYSE:NWE) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.60 million. NorthWestern had a return on equity of 9.41% and a net margin of 12.44%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share.
NorthWestern (NYSE NWE) traded down $0.04 during midday trading on Friday, reaching $53.21. The company’s stock had a trading volume of 478,960 shares, compared to its average volume of 325,104. NorthWestern has a one year low of $53.01 and a one year high of $64.47. The company has a current ratio of 0.42, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $2,585.74, a price-to-earnings ratio of 16.08, a P/E/G ratio of 8.87 and a beta of 0.38.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date of this dividend was Thursday, December 14th. NorthWestern’s dividend payout ratio is currently 63.44%.
In related news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $64.25, for a total value of $232,970.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.33% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Personal Capital Advisors Corp boosted its stake in shares of NorthWestern by 10.1% during the 4th quarter. Personal Capital Advisors Corp now owns 53,951 shares of the utilities provider’s stock worth $3,221,000 after buying an additional 4,941 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of NorthWestern by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 322,392 shares of the utilities provider’s stock valued at $19,247,000 after purchasing an additional 15,777 shares during the period. Bank of Montreal Can raised its holdings in shares of NorthWestern by 12.9% in the 4th quarter. Bank of Montreal Can now owns 77,054 shares of the utilities provider’s stock valued at $4,600,000 after purchasing an additional 8,819 shares during the period. National Investment Services Inc. WI bought a new stake in shares of NorthWestern in the 4th quarter valued at about $301,000. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of NorthWestern by 18.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 56,939 shares of the utilities provider’s stock valued at $3,242,000 after purchasing an additional 8,743 shares during the period. 93.64% of the stock is owned by hedge funds and other institutional investors.
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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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