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

Northwest Natural (NYSE:NWN) updated its third quarter 2024 earnings guidance on Friday. The company provided EPS guidance of -0.860–0.740 for the period, compared to the consensus EPS estimate of -0.780. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Wall Street Analyst Weigh In

NWN has been the topic of several recent analyst reports. StockNews.com downgraded shares of Northwest Natural from a hold rating to a sell rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised their price target on shares of Northwest Natural from $39.00 to $40.00 and gave the stock a buy rating in a research note on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Northwest Natural presently has a consensus rating of Hold and a consensus target price of $41.40.

Northwest Natural Stock Performance

NWN stock traded down $1.44 during trading on Friday, reaching $38.92. The company had a trading volume of 423,438 shares, compared to its average volume of 234,778. Northwest Natural has a twelve month low of $34.82 and a twelve month high of $42.92. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.93 and a current ratio of 1.15. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 17.07 and a beta of 0.57. The firm has a 50-day simple moving average of $37.11 and a 200-day simple moving average of $37.21.

Northwest Natural (NYSE:NWN) last posted its quarterly earnings results on Friday, August 2nd. The utilities provider reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.05. Northwest Natural had a net margin of 7.36% and a return on equity of 6.76%. The company had revenue of $211.70 million during the quarter, compared to analyst estimates of $231.99 million. During the same period last year, the firm posted $0.03 EPS. Northwest Natural’s revenue for the quarter was down 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Northwest Natural will post 2.28 earnings per share for the current year.

Northwest Natural Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be issued a dividend of $0.488 per share. This represents a $1.95 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Wednesday, July 31st. Northwest Natural’s dividend payout ratio (DPR) is 85.53%.

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.