Northwest Natural (NWN) Expected to Announce Quarterly Earnings on Friday

Northwest Natural (NYSE:NWN) is expected to be posting its quarterly earnings results before the market opens on Friday, February 28th. Analysts expect Northwest Natural to post earnings of $1.42 per share and revenue of $395.05 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Northwest Natural Stock Down 0.8 %

NYSE NWN opened at $40.99 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.72 and a debt-to-equity ratio of 1.15. The firm has a market cap of $1.64 billion, a PE ratio of 19.34 and a beta of 0.62. The business’s fifty day simple moving average is $40.03 and its 200-day simple moving average is $40.22. Northwest Natural has a 52 week low of $34.82 and a 52 week high of $44.25.

Northwest Natural Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Friday, January 31st were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend was Friday, January 31st. Northwest Natural’s payout ratio is presently 92.45%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price target on shares of Northwest Natural from $45.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

Insider Buying and Selling at Northwest Natural

In other Northwest Natural news, CEO David Hugo Anderson sold 7,500 shares of the stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $39.78, for a total value of $298,350.00. Following the sale, the chief executive officer now directly owns 144,298 shares of the company’s stock, valued at approximately $5,740,174.44. This represents a 4.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.84% of the stock is currently owned by corporate insiders.

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.