Northwest Natural (NYSE:NWN) Releases FY 2024 Earnings Guidance

Northwest Natural (NYSE:NWN - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 2.200-2.400 for the period, compared to the consensus estimate of 2.310. The company issued revenue guidance of -.

Northwest Natural Trading Down 1.0 %

Shares of NWN stock traded down $0.42 on Tuesday, hitting $39.99. 241,065 shares of the company's stock traded hands, compared to its average volume of 281,795. 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 one year low of $34.82 and a one year high of $41.25. The company's fifty day simple moving average is $39.95 and its 200 day simple moving average is $38.35. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 18.55 and a beta of 0.57.

Northwest Natural (NYSE:NWN - Get Free Report) last announced 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 ($0.13) by $0.06. The business had revenue of $211.70 million for the quarter, compared to analyst estimates of $231.99 million. Northwest Natural had a net margin of 7.18% and a return on equity of 6.31%. The company's revenue was down 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. Equities analysts forecast that Northwest Natural will post 2.32 EPS for the current year.

Northwest Natural Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, October 31st. This is a positive change from Northwest Natural's previous quarterly dividend of $0.49. Northwest Natural's dividend payout ratio (DPR) is 89.45%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NWN. Janney Montgomery Scott raised shares of 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 report on Monday, August 5th. StockNews.com raised shares of Northwest Natural from a "sell" rating to a "hold" rating in a research report on Monday, August 5th.

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.

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