NorthWestern (NWE) Releases FY18 Earnings Guidance

NorthWestern (NYSE:NWE) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.30-3.45 for the period, compared to the Thomson Reuters consensus estimate of $3.42.

Shares of NorthWestern (NWE) opened at $52.22 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.42 and a quick ratio of 0.33. NorthWestern has a 12 month low of $50.01 and a 12 month high of $64.47. The company has a market cap of $2,533.23, a price-to-earnings ratio of 15.75, a PEG ratio of 8.72 and a beta of 0.22.

NWE has been the topic of several research analyst reports. KeyCorp reissued a hold rating on shares of NorthWestern in a research note on Friday, October 20th. Bank of America initiated coverage on shares of NorthWestern in a research note on Tuesday, October 24th. They set an underperform rating and a $54.00 target price on the stock. Zacks Investment Research raised shares of NorthWestern from a sell rating to a hold rating in a research note on Wednesday, November 1st. Finally, Credit Suisse Group cut their target price on shares of NorthWestern from $60.00 to $58.00 and set an underperform rating on the stock in a research note on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock has an average rating of Sell and an average target price of $58.00.

In related news, CEO Robert C. Rowe sold 3,626 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $64.25, for a total transaction of $232,970.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.33% of the stock is owned by corporate insiders.

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About NorthWestern

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.

Earnings History and Estimates for NorthWestern (NYSE:NWE)

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