$1.02 Earnings Per Share Expected for NorthWestern Corp (NWE) This Quarter

Equities research analysts expect NorthWestern Corp (NYSE:NWE) to announce earnings per share (EPS) of $1.02 for the current quarter, Zacks reports. Zero analysts have made estimates for NorthWestern’s earnings, with the lowest EPS estimate coming in at $0.98 and the highest estimate coming in at $1.05. NorthWestern posted earnings per share of $0.96 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is scheduled to announce its next earnings results after the market closes on Monday, February 12th.

On average, analysts expect that NorthWestern will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.40 to $3.41. For the next year, analysts anticipate that the business will post earnings of $3.42 per share, with EPS estimates ranging from $3.40 to $3.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow NorthWestern.

Several equities analysts have weighed in on NWE shares. Bank of America started coverage on NorthWestern in a research report on Tuesday, October 24th. They issued an “underperform” rating and a $54.00 target price for the company. Credit Suisse Group dropped their target price on NorthWestern from $60.00 to $58.00 and set an “underperform” rating for the company in a research report on Friday, November 10th. Zacks Investment Research raised NorthWestern from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of NorthWestern in a research note on Friday, October 20th. Four equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. NorthWestern has a consensus rating of “Sell” and a consensus price target of $58.00.

NorthWestern (NYSE NWE) traded up $1.80 during midday trading on Wednesday, reaching $52.13. The company’s stock had a trading volume of 408,153 shares, compared to its average volume of 413,611. The firm has a market cap of $2,445.76, a P/E ratio of 15.75, a P/E/G ratio of 8.42 and a beta of 0.22. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.33 and a current ratio of 0.42. NorthWestern has a 52 week low of $50.01 and a 52 week high of $64.47.

In other news, CEO Robert C. Rowe sold 3,626 shares of NorthWestern stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $64.25, for a total value of $232,970.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.33% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC purchased a new position in shares of NorthWestern in the 4th quarter valued at about $206,000. Prudential PLC purchased a new position in shares of NorthWestern in the 2nd quarter valued at about $207,000. Shelton Capital Management purchased a new position in shares of NorthWestern in the 2nd quarter valued at about $222,000. BB&T Investment Services Inc. purchased a new position in shares of NorthWestern in the 2nd quarter valued at about $239,000. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of NorthWestern in the 3rd quarter valued at about $249,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

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About NorthWestern

NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.

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Earnings History and Estimates for NorthWestern (NYSE:NWE)

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