NorthWestern Corp (NWE) Expected to Post Earnings of $1.02 Per Share

Analysts expect NorthWestern Corp (NYSE:NWE) to post $1.02 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for NorthWestern’s earnings, with estimates ranging from $0.98 to $1.05. NorthWestern reported earnings per share of $0.96 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.3%. The company is scheduled to announce its next quarterly earnings results 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 fiscal year, analysts anticipate that the firm will report earnings of $3.42 per share, with EPS estimates ranging from $3.40 to $3.45. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NorthWestern.

Several analysts recently weighed in on NWE shares. Zacks Investment Research upgraded shares of NorthWestern from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. KeyCorp restated a “hold” rating on shares of NorthWestern in a report on Friday, October 20th. Bank of America started coverage on NorthWestern in a report on Tuesday, October 24th. They set an “underperform” rating and a $54.00 price target on the stock. Finally, Credit Suisse Group decreased their price target on NorthWestern from $60.00 to $58.00 and set an “underperform” rating on the stock in a report on Friday, November 10th. Four research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. NorthWestern has an average rating of “Sell” and an average target price of $58.00.

In other NorthWestern news, CEO Robert C. Rowe sold 3,626 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $64.25, for a total value of $232,970.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.33% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund grew its position in NorthWestern by 1.9% during the second quarter. New York State Common Retirement Fund now owns 53,000 shares of the utilities provider’s stock valued at $3,234,000 after buying an additional 999 shares during the period. Vanguard Group Inc. raised its stake in shares of NorthWestern by 4.7% in the second quarter. Vanguard Group Inc. now owns 4,458,394 shares of the utilities provider’s stock worth $272,052,000 after purchasing an additional 200,531 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of NorthWestern by 5.9% in the second quarter. California Public Employees Retirement System now owns 101,900 shares of the utilities provider’s stock worth $6,218,000 after purchasing an additional 5,700 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of NorthWestern by 2.0% in the second quarter. Parametric Portfolio Associates LLC now owns 142,658 shares of the utilities provider’s stock worth $8,705,000 after purchasing an additional 2,737 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of NorthWestern by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 980,294 shares of the utilities provider’s stock worth $59,818,000 after purchasing an additional 3,762 shares during the last quarter. 93.17% of the stock is currently owned by institutional investors and hedge funds.

NorthWestern (NYSE NWE) traded up $0.33 on Wednesday, reaching $51.22. 95,480 shares of the company’s stock were exchanged, compared to its average volume of 410,201. NorthWestern has a 52-week low of $50.01 and a 52-week high of $64.47. The company has a quick ratio of 0.33, a current ratio of 0.42 and a debt-to-equity ratio of 1.05. The company has a market cap of $2,509.91, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 8.64 and a beta of 0.22.

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NorthWestern 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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Earnings History and Estimates for NorthWestern (NYSE:NWE)

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