Southwest Gas (SWX) Scheduled to Post Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, November 6th. Analysts expect Southwest Gas to post earnings of $0.14 per share for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Southwest Gas (NYSE:SWX - Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.48 by ($0.17). Southwest Gas had a net margin of 3.44% and a return on equity of 6.18%. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.20 billion. During the same period last year, the business earned $0.47 earnings per share. The company's revenue was down 8.6% on a year-over-year basis. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Stock Up 0.7 %

Shares of SWX traded up $0.49 during mid-day trading on Wednesday, reaching $73.59. The company had a trading volume of 294,287 shares, compared to its average volume of 381,779. The company has a debt-to-equity ratio of 1.38, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $5.28 billion, a price-to-earnings ratio of 27.39, a price-to-earnings-growth ratio of 3.82 and a beta of 0.38. The firm has a 50-day moving average price of $72.99 and a 200 day moving average price of $73.55. Southwest Gas has a 52 week low of $56.84 and a 52 week high of $78.46.

Southwest Gas Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.62 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.48 annualized dividend and a dividend yield of 3.37%. Southwest Gas's payout ratio is presently 92.88%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Southwest Gas from $78.00 to $70.00 and set a "neutral" rating for the company in a report on Thursday, August 15th. Wells Fargo & Company boosted their price target on Southwest Gas from $74.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th.

Insider Activity

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of Southwest Gas stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $73.14, for a total value of $56,098.38. Following the completion of the sale, the chief financial officer now owns 43,438 shares of the company's stock, valued at approximately $3,177,055.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.39% of the stock is owned by corporate insiders.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.