NorthWestern (NYSE:NWE) Updates Q4 2019 Pre-Market Earnings Guidance

NorthWestern (NYSE:NWE) issued an update on its fourth quarter 2019
Pre-Market earnings guidance on Tuesday morning. The company provided EPS guidance of $1.14-1.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. NorthWestern also updated its FY 2019
Pre-Market guidance to $3.38-3.48 EPS.

Several analysts have commented on the stock. Barclays restated a sell rating and set a $71.00 price objective on shares of NorthWestern in a research note on Thursday, October 31st. Williams Capital raised shares of NorthWestern from a sell rating to a hold rating and set a $66.00 price objective on the stock in a report on Monday, August 26th. Finally, Wells Fargo & Co reiterated a buy rating on shares of NorthWestern in a research note on Monday. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $67.29.

Shares of NWE stock traded up $0.25 on Tuesday, hitting $71.51. The company had a trading volume of 179,159 shares, compared to its average volume of 236,328. NorthWestern has a twelve month low of $57.28 and a twelve month high of $76.72. The company has a quick ratio of 0.63, a current ratio of 0.80 and a debt-to-equity ratio of 1.09. The firm has a market cap of $3.62 billion, a P/E ratio of 21.09, a price-to-earnings-growth ratio of 7.72 and a beta of 0.15. The company has a 50-day moving average price of $71.51 and a 200-day moving average price of $72.27.

NorthWestern (NYSE:NWE) last announced its quarterly earnings results on Tuesday, October 29th. The utilities provider reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.13). NorthWestern had a net margin of 16.84% and a return on equity of 9.57%. The company had revenue of $274.84 million for the quarter, compared to analysts’ expectations of $295.48 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. The firm’s revenue was down 1.8% compared to the same quarter last year. Equities research analysts expect that NorthWestern will post 3.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.575 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.22%. NorthWestern’s payout ratio is 67.85%.

In other news, CEO Robert C. Rowe sold 2,150 shares of NorthWestern stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.68, for a total transaction of $151,962.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.17% of the stock is owned by company insiders.

About NorthWestern

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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