NorthWestern (NWE) Issues Earnings Results, Beats Expectations By $0.11 EPS

NorthWestern (NYSE:NWE) released its quarterly earnings results on Monday. The utilities provider reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.11, MarketWatch Earnings reports. NorthWestern had a return on equity of 9.64% and a net margin of 14.53%. The firm had revenue of $308.82 million for the quarter.

NYSE NWE traded down $0.55 on Wednesday, hitting $65.03. The company’s stock had a trading volume of 25,470 shares, compared to its average volume of 284,530. NorthWestern has a 52-week low of $50.46 and a 52-week high of $67.80. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.56 and a current ratio of 0.71. The stock has a market cap of $3.27 billion, a P/E ratio of 19.71, a price-to-earnings-growth ratio of 7.97 and a beta of 0.31.

In other NorthWestern news, VP H. Grahame Heather sold 1,900 shares of NorthWestern stock in a transaction on Friday, November 16th. The stock was sold at an average price of $64.15, for a total transaction of $121,885.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

NWE has been the topic of several recent research reports. Zacks Investment Research lowered NorthWestern from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. ValuEngine upgraded NorthWestern from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Barclays set a $62.00 price target on NorthWestern and gave the stock a “hold” rating in a research report on Saturday, November 17th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $62.60.

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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 for NorthWestern (NYSE:NWE)

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