Equities research analysts predict that NorthWestern Corp (NYSE:NWE) will report earnings of $0.73 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for NorthWestern’s earnings. NorthWestern posted earnings per share of $0.75 during the same quarter last year, which suggests a negative year-over-year growth rate of 2.7%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that NorthWestern will report full year earnings of $3.45 per share for the current year, with EPS estimates ranging from $3.42 to $3.48. For the next financial year, analysts anticipate that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.40 to $3.45. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow NorthWestern.

NorthWestern (NYSE:NWE) last posted its earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.43. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The business had revenue of $261.82 million during the quarter, compared to the consensus estimate of $286.14 million. During the same period in the previous year, the business earned $0.47 EPS. The business’s quarterly revenue was down 7.8% on a year-over-year basis.

NWE has been the subject of several research reports. Zacks Investment Research raised NorthWestern from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Saturday, June 16th. Wells Fargo & Co boosted their price target on NorthWestern from $59.00 to $61.00 and gave the company a “market perform” rating in a research report on Monday. Barclays began coverage on NorthWestern in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $60.00 price target on the stock. ValuEngine upgraded NorthWestern from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Finally, Credit Suisse Group boosted their price target on NorthWestern from $54.00 to $55.00 and gave the company a “$58.28” rating in a research report on Thursday, July 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NorthWestern has an average rating of “Hold” and an average price target of $59.40.

In related news, VP Curtis T. Pohl sold 1,200 shares of the business’s stock in a transaction dated Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.40% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in NorthWestern by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,393,956 shares of the utilities provider’s stock valued at $79,803,000 after acquiring an additional 49,891 shares during the period. Nomura Holdings Inc. acquired a new position in NorthWestern during the 2nd quarter worth approximately $264,000. Millennium Management LLC increased its position in NorthWestern by 42.4% during the 2nd quarter. Millennium Management LLC now owns 588,698 shares of the utilities provider’s stock worth $33,703,000 after purchasing an additional 175,202 shares during the period. Metropolitan Life Insurance Co. NY increased its position in NorthWestern by 5.4% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 29,769 shares of the utilities provider’s stock worth $1,704,000 after purchasing an additional 1,521 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in NorthWestern during the 2nd quarter worth approximately $235,000. Hedge funds and other institutional investors own 95.31% of the company’s stock.

NorthWestern stock opened at $60.32 on Wednesday. NorthWestern has a fifty-two week low of $50.01 and a fifty-two week high of $64.47. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $3.01 billion, a PE ratio of 18.28, a PEG ratio of 7.65 and a beta of 0.13.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, September 13th. NorthWestern’s dividend payout ratio (DPR) is presently 66.67%.

NorthWestern Company Profile

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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Earnings History and Estimates for NorthWestern (NYSE:NWE)

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