NorthWestern Energy Group (NWE) to Release Quarterly Earnings on Thursday

NorthWestern Energy Group (NYSE:NWE) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect NorthWestern Energy Group to post earnings of $1.39 per share for the quarter. NorthWestern Energy Group has set its FY 2024 guidance at 3.420-3.620 EPS and its FY24 guidance at $3.42-3.62 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

NorthWestern Energy Group (NYSE:NWE) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.19. NorthWestern Energy Group had a return on equity of 7.23% and a net margin of 13.64%. The company had revenue of $356.00 million for the quarter, compared to analyst estimates of $443.27 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. On average, analysts expect NorthWestern Energy Group to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NorthWestern Energy Group Stock Up 0.5 %

NYSE NWE opened at $50.40 on Tuesday. The business’s fifty day simple moving average is $49.12 and its 200-day simple moving average is $49.47. The company has a quick ratio of 0.55, a current ratio of 0.76 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.09 billion, a PE ratio of 15.65 and a beta of 0.43. NorthWestern Energy Group has a 52 week low of $45.97 and a 52 week high of $60.56.

NorthWestern Energy Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.65 per share. This is a boost from NorthWestern Energy Group’s previous quarterly dividend of $0.64. This represents a $2.60 annualized dividend and a yield of 5.16%. The ex-dividend date was Thursday, March 14th. NorthWestern Energy Group’s dividend payout ratio (DPR) is presently 80.75%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NWE. JPMorgan Chase & Co. increased their price target on shares of NorthWestern Energy Group from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. KeyCorp restated a “sector weight” rating on shares of NorthWestern Energy Group in a research report on Thursday, January 4th. StockNews.com upgraded NorthWestern Energy Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Barclays boosted their price objective on shares of NorthWestern Energy Group from $48.00 to $49.00 and gave the company an “underweight” rating in a report on Monday, January 22nd. Finally, Guggenheim raised shares of NorthWestern Energy Group from a “sell” rating to a “neutral” rating and set a $47.00 target price for the company in a research note on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.71.

NorthWestern Energy Group Company Profile

NorthWestern Energy Group, Inc provides electricity and natural gas to residential, commercial, and various industrial customers. It generates, purchases, transmits, and distributes electricity; and produces, purchases, stores, transmits, and distributes natural gas, as well as owns municipal franchises to provide natural gas service in the communities.