Northwest Natural (NYSE:NWN) Releases Q4 2024 Earnings Guidance

Northwest Natural (NYSE:NWN) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 1.430-1.630 for the period. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Analysts Set New Price Targets

NWN has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their target price on Northwest Natural from $39.00 to $40.00 and gave the stock a buy rating in a report on Tuesday. Janney Montgomery Scott started coverage on shares of Northwest Natural in a research report on Wednesday, January 31st. They issued a neutral rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Northwest Natural currently has an average rating of Hold and an average target price of $41.40.

Northwest Natural Stock Performance

Shares of NYSE:NWN traded up $0.09 during midday trading on Wednesday, reaching $38.46. 327,471 shares of the company’s stock traded hands, compared to its average volume of 333,082. The stock has a 50 day moving average of $37.09 and a 200 day moving average of $37.50. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 14.76 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.70 and a current ratio of 0.86. Northwest Natural has a one year low of $34.95 and a one year high of $47.29.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings results on Monday, May 6th. The utilities provider reported $1.69 EPS for the quarter, missing the consensus estimate of $1.82 by ($0.13). Northwest Natural had a return on equity of 7.52% and a net margin of 7.84%. The company had revenue of $433.50 million during the quarter, compared to analysts’ expectations of $447.81 million. During the same period in the prior year, the business earned $2.01 EPS. The company’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts anticipate that Northwest Natural will post 2.27 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be given a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a yield of 5.08%. The ex-dividend date is Monday, April 29th. Northwest Natural’s dividend payout ratio is presently 75.00%.

About Northwest Natural

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.