Analysts Expect NorthWestern Corp (NWE) to Announce $0.63 Earnings Per Share

Wall Street brokerages forecast that NorthWestern Corp (NYSE:NWE) will report $0.63 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for NorthWestern’s earnings. NorthWestern reported earnings per share of $0.87 in the same quarter last year, which suggests a negative year over year growth rate of 27.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 18th.

According to Zacks, analysts expect that NorthWestern will report full-year earnings of $3.38 per share for the current fiscal year, with EPS estimates ranging from $3.34 to $3.45. For the next financial year, analysts expect that the firm will report earnings of $3.45 per share, with EPS estimates ranging from $3.37 to $3.55. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for NorthWestern.

NorthWestern (NYSE:NWE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.05. The firm had revenue of $384.22 million during the quarter. NorthWestern had a return on equity of 9.80% and a net margin of 17.11%.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded NorthWestern from a “hold” rating to a “strong-buy” rating and set a $80.00 target price for the company in a report on Wednesday, April 17th. Barclays cut NorthWestern from an “equal weight” rating to an “underweight” rating and lifted their target price for the stock from $62.00 to $65.00 in a report on Wednesday, March 20th. Williams Capital reiterated a “sell” rating on shares of NorthWestern in a report on Monday, March 18th. Bank of America reiterated an “underperform” rating and issued a $55.00 target price on shares of NorthWestern in a report on Thursday, March 14th. Finally, Credit Suisse Group dropped their target price on NorthWestern from $60.00 to $56.00 and set an “underperform” rating for the company in a report on Wednesday, February 13th. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.00.

Shares of NorthWestern stock opened at $69.04 on Friday. The company has a market capitalization of $3.48 billion, a PE ratio of 20.37, a P/E/G ratio of 7.88 and a beta of 0.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.83 and a quick ratio of 0.65. NorthWestern has a one year low of $51.53 and a one year high of $71.77.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, June 13th. NorthWestern’s dividend payout ratio is currently 67.85%.

In related news, VP Michael R. Cashell sold 1,656 shares of the firm’s stock in a transaction that occurred on Wednesday, February 27th. The stock was sold at an average price of $67.85, for a total transaction of $112,359.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Curtis T. Pohl sold 2,200 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $65.54, for a total value of $144,188.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,156 shares of company stock valued at $411,430 over the last three months. 1.17% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its stake in shares of NorthWestern by 41.3% during the 4th quarter. Parallel Advisors LLC now owns 571 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 167 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in NorthWestern by 4.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,630 shares of the utilities provider’s stock valued at $275,000 after purchasing an additional 180 shares in the last quarter. First Mercantile Trust Co. raised its position in NorthWestern by 6.7% during the 4th quarter. First Mercantile Trust Co. now owns 3,030 shares of the utilities provider’s stock valued at $180,000 after purchasing an additional 190 shares in the last quarter. Empire Life Investments Inc. raised its position in NorthWestern by 3.2% during the 4th quarter. Empire Life Investments Inc. now owns 7,367 shares of the utilities provider’s stock valued at $438,000 after purchasing an additional 225 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in NorthWestern by 9.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,249 shares of the utilities provider’s stock valued at $193,000 after purchasing an additional 294 shares in the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.

NorthWestern Company Profile

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.

Recommended Story: How to Use a Moving Average for Trading 

Get a free copy of the Zacks research report on NorthWestern (NWE)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for NorthWestern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NorthWestern and related companies with MarketBeat.com's FREE daily email newsletter.