Northwest Natural (NWN) to Release Quarterly Earnings on Tuesday

Northwest Natural (NYSE:NWN) is set to release its earnings data before the market opens on Tuesday, November 12th. Analysts expect Northwest Natural to post earnings of ($0.79) per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Northwest Natural Stock Up 1.3 %

NYSE:NWN opened at $40.88 on Friday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.73 and a current ratio of 0.97. The company has a market cap of $1.58 billion, a PE ratio of 18.75 and a beta of 0.58. Northwest Natural has a 52-week low of $34.82 and a 52-week high of $41.34. The stock has a 50-day simple moving average of $39.90 and a 200 day simple moving average of $38.53.

Northwest Natural Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.79%. This is a boost from Northwest Natural’s previous quarterly dividend of $0.49. The ex-dividend date is Thursday, October 31st. Northwest Natural’s dividend payout ratio (DPR) is presently 89.91%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott upgraded Northwest Natural from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $43.00 in a research report on Monday, August 5th. StockNews.com raised Northwest Natural from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

About Northwest Natural

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.