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

Southwest Gas (NYSE:SWX) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Southwest Gas to post earnings of $0.14 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Southwest Gas (NYSE:SWX) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.17). Southwest Gas had a return on equity of 6.18% and a net margin of 3.44%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period last year, the company earned $0.47 EPS. Southwest Gas’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Stock Performance

Shares of Southwest Gas stock opened at $72.05 on Monday. The business has a 50-day simple moving average of $73.07 and a 200 day simple moving average of $73.55. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.81 and a beta of 0.38. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.58 and a quick ratio of 1.58. Southwest Gas has a one year low of $57.03 and a one year high of $78.46.

Southwest Gas Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date is Friday, November 15th. This represents a $2.48 annualized dividend and a dividend yield of 3.44%. Southwest Gas’s dividend payout ratio is 98.41%.

Insider Activity at Southwest Gas

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of Southwest Gas stock in a transaction on Monday, August 26th. The shares were sold at an average price of $73.14, for a total transaction of $56,098.38. Following the transaction, the chief financial officer now directly owns 43,438 shares of the company’s stock, valued at $3,177,055.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on SWX. Wells Fargo & Company boosted their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. JPMorgan Chase & Co. reduced their price objective on shares of Southwest Gas from $78.00 to $70.00 and set a “neutral” rating for the company in a report on Thursday, August 15th.

About Southwest Gas

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.