Northwest Natural (NYSE:NWN) Releases Q4 2024 Earnings Guidance

Northwest Natural (NYSE:NWN) updated its fourth quarter 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 1.430-1.630 for the period. The company issued revenue guidance of -. Northwest Natural also updated its FY 2024 guidance to 2.200-2.400 EPS.

Northwest Natural Price Performance

Northwest Natural stock opened at $38.63 on Monday. The stock has a market cap of $1.47 billion, a P/E ratio of 14.86 and a beta of 0.54. The company has a fifty day simple moving average of $37.03 and a 200-day simple moving average of $37.52. The company has a current ratio of 0.86, a quick ratio of 0.70 and a debt-to-equity ratio of 1.11. Northwest Natural has a 12-month low of $34.95 and a 12-month high of $48.37.

Northwest Natural (NYSE:NWN) last released its quarterly earnings data on Friday, February 23rd. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.31 by ($0.10). Northwest Natural had a return on equity of 7.52% and a net margin of 7.84%. The business had revenue of $355.71 million for the quarter, compared to analyst estimates of $368.78 million. During the same period in the prior year, the company posted $1.36 earnings per share. Equities analysts expect that Northwest Natural will post 2.27 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.488 per share. The ex-dividend date is Monday, April 29th. This represents a $1.95 annualized dividend and a dividend yield of 5.05%. Northwest Natural’s dividend payout ratio is presently 75.00%.

Analyst Upgrades and Downgrades

Separately, Janney Montgomery Scott assumed coverage on shares of Northwest Natural in a research note on Wednesday, January 31st. They set a neutral rating and a $39.00 price target on the stock. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $45.20.

About Northwest Natural

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.