Southwest Gas (SWX) Expected to Announce Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX) is anticipated to announce its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $1.35 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Southwest Gas Trading Down 0.2 %

NYSE SWX opened at $76.92 on Monday. Southwest Gas has a one year low of $60.88 and a one year high of $80.29. The company’s 50 day moving average price is $72.89 and its 200 day moving average price is $73.55. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $5.52 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 3.16 and a beta of 0.44.

Southwest Gas Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Thursday, May 15th will be issued a $0.62 dividend. The ex-dividend date is Thursday, May 15th. This represents a $2.48 annualized dividend and a yield of 3.22%. Southwest Gas’s payout ratio is 100.00%.

Analyst Ratings Changes

SWX has been the subject of a number of recent analyst reports. LADENBURG THALM/SH SH raised shares of Southwest Gas to a “strong-buy” rating in a research report on Friday, January 24th. Jefferies Financial Group began coverage on shares of Southwest Gas in a research report on Tuesday, January 14th. They issued a “hold” rating and a $73.00 price target on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Bank of America restated an “underperform” rating and issued a $73.00 price objective on shares of Southwest Gas in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $73.80.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.