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

Northwest Natural (NYSE:NWN) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided 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 Stock Performance

Shares of NYSE NWN traded up $0.09 during mid-day trading on Wednesday, hitting $38.46. 327,471 shares of the company were exchanged, compared to its average volume of 333,082. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 1.11. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 14.76 and a beta of 0.54. The stock has a 50 day simple moving average of $37.09 and a 200-day simple moving average of $37.50. Northwest Natural has a 1-year low of $34.95 and a 1-year high of $47.29.

Northwest Natural (NYSE:NWN) last announced its quarterly earnings data on Monday, May 6th. The utilities provider reported $1.69 earnings per share for the quarter, missing analysts’ consensus estimates of $1.82 by ($0.13). The business had revenue of $433.50 million during the quarter, compared to analysts’ expectations of $447.81 million. Northwest Natural had a net margin of 7.84% and a return on equity of 7.52%. Northwest Natural’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.01 EPS. On average, sell-side analysts forecast that Northwest Natural will post 2.27 EPS for the current fiscal year.

Northwest Natural Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid a $0.488 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 5.08%. Northwest Natural’s dividend payout ratio (DPR) is currently 75.00%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NWN. Janney Montgomery Scott began coverage on shares of Northwest Natural in a research report on Wednesday, January 31st. They issued a neutral rating and a $39.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of Northwest Natural from $39.00 to $40.00 and gave the stock a buy rating in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $41.40.

Northwest Natural Company Profile

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.