Northwest Natural (NYSE:NWN) Releases FY 2019 Earnings Guidance

Northwest Natural (NYSE:NWN) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.25-2.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.38. Northwest Natural also updated its FY19 guidance to $2.25 to $2.45 EPS.

A number of analysts have commented on the company. Maxim Group restated a buy rating and issued a $79.00 price target (up previously from $72.00) on shares of Northwest Natural in a research report on Monday, August 5th. Wells Fargo & Co restated a hold rating on shares of Northwest Natural in a research report on Wednesday, August 7th. Finally, Zacks Investment Research cut Northwest Natural from a buy rating to a hold rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $68.25.

NYSE:NWN opened at $71.09 on Friday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 30.51, a P/E/G ratio of 6.67 and a beta of 0.30. The stock has a 50-day moving average price of $70.45 and a 200 day moving average price of $67.29. The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 0.92. Northwest Natural has a 12-month low of $57.20 and a 12-month high of $73.50.

Northwest Natural (NYSE:NWN) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.16. The business had revenue of $123.44 million during the quarter, compared to analysts’ expectations of $125.08 million. Northwest Natural had a return on equity of 9.80% and a net margin of 9.41%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS. On average, research analysts predict that Northwest Natural will post 2.35 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were issued a $0.475 dividend. The ex-dividend date was Tuesday, July 30th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 2.67%. Northwest Natural’s dividend payout ratio is presently 81.55%.

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 Oregon and Southwest Washington. It is also involved in the gas storage activities, water businesses, and other investments and activities.

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