Northwest Natural (NYSE:NWN) Updates Q3 2024 Earnings Guidance

Northwest Natural (NYSE:NWN) updated its third quarter 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of -0.860–0.740 for the period. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott initiated coverage on Northwest Natural in a report on Wednesday, January 31st. They issued a neutral rating and a $39.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, Northwest Natural presently has an average rating of Hold and an average target price of $45.20.

Northwest Natural Price Performance

NYSE:NWN opened at $38.63 on Monday. The firm’s fifty day moving average is $37.03 and its two-hundred day moving average is $37.52. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 14.86 and a beta of 0.54. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.70 and a current ratio of 0.86. Northwest Natural has a one year low of $34.95 and a one year high of $48.37.

Northwest Natural (NYSE:NWN) last posted its earnings results on Friday, February 23rd. The utilities provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.10). Northwest Natural had a return on equity of 7.52% and a net margin of 7.84%. The company had revenue of $355.71 million for the quarter, compared to analyst estimates of $368.78 million. During the same period last year, the business earned $1.36 earnings per share. Research analysts expect that Northwest Natural will post 2.27 EPS for the current year.

Northwest Natural Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.488 per share. This represents a $1.95 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date is Monday, April 29th. Northwest Natural’s dividend payout ratio (DPR) is presently 75.00%.

Northwest Natural Company Profile

Northwest Natural Holding Company, through its subsidiary, Northwest Natural Gas Company, provides regulated natural gas distribution services to residential, commercial, and industrial customers in the United States. The company operates a mist gas storage facility contracted to other utilities, third-party marketers, and electric generators; offers natural gas asset management services; and operates an appliance retail center.