Northwest Natural (NWN) Scheduled to Post Quarterly Earnings on Tuesday

Northwest Natural (NYSE:NWN) is set to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Northwest Natural to post earnings of ($0.79) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Friday, August 2nd. The utilities provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.06. The company had revenue of $211.70 million for the quarter, compared to analyst estimates of $231.99 million. Northwest Natural had a return on equity of 6.31% and a net margin of 7.18%. The firm’s revenue was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, analysts expect Northwest Natural to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Northwest Natural Stock Performance

Shares of NWN opened at $38.42 on Tuesday. Northwest Natural has a 12-month low of $34.82 and a 12-month high of $41.25. The company has a current ratio of 0.97, a quick ratio of 0.73 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.49 billion, a PE ratio of 17.62 and a beta of 0.58. The company’s 50 day simple moving average is $39.90 and its 200-day simple moving average is $38.47.

Northwest Natural Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.10%. This is a positive change from Northwest Natural’s previous quarterly dividend of $0.49. Northwest Natural’s dividend payout ratio (DPR) is currently 89.91%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com raised Northwest Natural from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Janney Montgomery Scott upgraded shares of Northwest Natural from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $43.00 in a research report on Monday, August 5th.

Northwest Natural Company Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.