NorthWestern Co. (NWE) Updates FY12 Earnings Guidance
NorthWestern Co. (NWE) updated its FY12 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.30-2.40 for the period.
Several analysts have also recently commented on the stock. Analysts at Robert W. Baird downgraded shares of NorthWestern from an outperform rating to a neutral rating in a research note to investors on Tuesday, September 4th. They now have a $38.00 price target on the stock. On a related note, analysts at KeyBanc upgraded shares of NorthWestern from a hold rating to a buy rating in a research note to investors on Thursday, August 16th. They now have a $39.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at DA Davidson reiterated a neutral rating on shares of NorthWestern in a research note to investors on Friday, July 6th. They now have a $37.00 price target on the stock.
NorthWestern Co. (NWE) traded up 0.56% on Wednesday, hitting $37.41. NorthWestern Co. (NWE) has a 1-year low of $30.44 and a 1-year high of $37.96. The company has a market cap of $1.392 billion and a price-to-earnings ratio of 14.70.
NorthWestern last released its earnings data on Tuesday, July 24th. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.02. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, analysts predict that NorthWestern Co. (NWE) will post $2.44 earnings per share for the current fiscal year.
NorthWestern Corporation (NorthWestern) provides electricity and natural gas to approximately 661,000 customers in Montana, South Dakota and Nebraska.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.