NorthWestern (NYSE:NWE) Updates FY 2019 Pre-Market Earnings Guidance

NorthWestern (NYSE:NWE) issued an update on its FY 2019
Pre-Market earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.38-3.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.42. NorthWestern also updated its Q4 2019
Pre-Market guidance to $1.14-1.24 EPS.

NYSE NWE traded up $0.25 during trading hours on Tuesday, reaching $71.51. The company’s stock had a trading volume of 179,159 shares, compared to its average volume of 236,328. The stock has a market cap of $3.62 billion, a PE ratio of 21.09, a PEG ratio of 7.72 and a beta of 0.15. NorthWestern has a fifty-two week low of $57.28 and a fifty-two week high of $76.72. The company’s 50-day moving average is $71.51 and its two-hundred day moving average is $72.27. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.63 and a current ratio of 0.80.

NorthWestern (NYSE:NWE) last announced its earnings results on Tuesday, October 29th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.13). NorthWestern had a return on equity of 9.57% and a net margin of 16.84%. The business had revenue of $274.84 million for the quarter, compared to analyst estimates of $295.48 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business’s revenue was down 1.8% on a year-over-year basis. Equities analysts expect that NorthWestern will post 3.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.575 per share. The ex-dividend date is Thursday, December 12th. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.22%. NorthWestern’s dividend payout ratio (DPR) is 67.85%.

Several analysts have recently issued reports on NWE shares. Barclays restated a sell rating and issued a $71.00 price objective on shares of NorthWestern in a research report on Thursday, October 31st. Wells Fargo & Co reiterated a buy rating on shares of NorthWestern in a research report on Monday. Finally, Williams Capital raised shares of NorthWestern from a sell rating to a hold rating and set a $66.00 target price for the company in a research note on Monday, August 26th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $67.29.

In other NorthWestern news, CEO Robert C. Rowe sold 2,150 shares of NorthWestern stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.68, for a total value of $151,962.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.17% of the stock is currently owned by company insiders.

About NorthWestern

NorthWestern Corporation, doing business as NorthWestern Energy, provides electricity and natural gas to residential, commercial, and industrial customers. The company operates through Electric Operations and Natural Gas Operations segments. It generates, transmits, and distributes electricity; and produces, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.

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