NorthWestern (NWE) Updates FY18 Earnings Guidance

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NorthWestern (NYSE:NWE) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.35 – $3.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.44. NorthWestern also updated its Q4 guidance to $1.03-1.18 EPS.

Shares of NWE traded down $0.84 during trading hours on Tuesday, hitting $59.41. The stock had a trading volume of 282,500 shares, compared to its average volume of 387,372. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $3.06 billion, a P/E ratio of 18.02, a price-to-earnings-growth ratio of 7.78 and a beta of 0.09. NorthWestern has a 12-month low of $50.01 and a 12-month high of $64.47.

NorthWestern (NYSE:NWE) last issued its earnings results on Thursday, July 19th. The utilities provider reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.43. The business had revenue of $261.82 million for the quarter, compared to analyst estimates of $286.14 million. NorthWestern had a return on equity of 10.28% and a net margin of 14.84%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Sell-side analysts predict that NorthWestern will post 3.45 earnings per share for the current year.

Several research analysts recently weighed in on NWE shares. Zacks Investment Research lowered NorthWestern from a buy rating to a hold rating in a research report on Thursday, September 20th. Credit Suisse Group increased their target price on NorthWestern from $55.00 to $56.00 and gave the stock an underperform rating in a research report on Monday, October 1st. Barclays started coverage on NorthWestern in a research report on Tuesday, July 10th. They issued an equal weight rating and a $60.00 target price on the stock. Wells Fargo & Co increased their target price on NorthWestern from $59.00 to $61.00 and gave the stock a market perform rating in a research report on Monday, September 17th. Finally, ValuEngine raised NorthWestern from a sell rating to a hold rating in a research report on Monday, July 2nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. NorthWestern presently has a consensus rating of Hold and a consensus price target of $59.60.

In related news, VP Curtis T. Pohl sold 1,200 shares of the stock in a transaction on Friday, July 27th. The stock was sold at an average price of $58.73, for a total value of $70,476.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by corporate insiders.

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.

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Earnings History and Estimates for NorthWestern (NYSE:NWE)

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