Northwest Natural (NYSE:NWN - Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $2.20-2.40 for the period, compared to the consensus estimate of $2.31.
Northwest Natural Trading Up 0.5 %
Shares of NYSE NWN traded up $0.19 during midday trading on Tuesday, reaching $41.63. The stock had a trading volume of 272,311 shares, compared to its average volume of 278,677. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.97. Northwest Natural has a twelve month low of $34.82 and a twelve month high of $42.56. The company's 50 day moving average price is $39.93 and its 200 day moving average price is $38.55. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 19.00 and a beta of 0.58.
Northwest Natural Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.49 dividend. This is an increase from Northwest Natural's previous quarterly dividend of $0.49. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, October 31st. Northwest Natural's payout ratio is 89.91%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on NWN. Janney Montgomery Scott raised Northwest Natural from a "neutral" rating to a "buy" rating and raised their price target for the stock from $36.00 to $43.00 in a research note on Monday, August 5th. StockNews.com raised Northwest Natural from a "sell" rating to a "hold" rating in a research report on Monday, August 5th.
Check Out Our Latest Analysis on NWN
About Northwest Natural
(
Get Free Report)
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.
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