NorthWestern Energy Group (NWE) to Release Earnings on Thursday

NorthWestern Energy Group (NYSE:NWE) is scheduled to post its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect NorthWestern Energy Group to post earnings of $1.39 per share for the quarter. NorthWestern Energy Group has set its FY 2024 guidance at 3.420-3.620 EPS and its FY24 guidance at $3.42-3.62 EPS.Parties interested in registering for the company’s conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE) last announced its earnings results on Thursday, February 15th. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.19 by $0.19. NorthWestern Energy Group had a net margin of 13.64% and a return on equity of 7.23%. The company had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $443.27 million. During the same period last year, the firm earned $1.13 earnings per share. On average, analysts expect NorthWestern Energy Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NorthWestern Energy Group Stock Up 0.1 %

Shares of NWE opened at $50.45 on Wednesday. NorthWestern Energy Group has a 12 month low of $45.97 and a 12 month high of $60.56. The firm’s 50 day moving average is $49.20 and its 200-day moving average is $49.48. The stock has a market capitalization of $3.09 billion, a PE ratio of 15.67 and a beta of 0.43. The company has a current ratio of 0.76, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

NorthWestern Energy Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.65 per share. The ex-dividend date was Thursday, March 14th. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.64. This represents a $2.60 annualized dividend and a dividend yield of 5.15%. NorthWestern Energy Group’s dividend payout ratio (DPR) is currently 80.75%.

Wall Street Analysts Forecast Growth

NWE has been the topic of several recent research reports. Guggenheim raised shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price on the stock in a report on Monday, January 22nd. KeyCorp restated a “sector weight” rating on shares of NorthWestern Energy Group in a report on Thursday, January 4th. StockNews.com upgraded shares of NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Barclays boosted their target price on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a report on Monday, January 22nd. Finally, JPMorgan Chase & Co. lifted their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $51.71.

About NorthWestern Energy Group

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.