NorthWestern (NASDAQ:NWE) Provides Fiscal 2022 Earnings Forecast
On Saturday morning, NorthWestern (NASDAQ: NWE) released its revised earnings guidance for fiscal 2022. The company forecast earnings per share of between $3.20 and $3.40, which was significantly lower than the average forecast. earnings per share in the industry. , which was $3.30. In addition, the company’s internal financial forecast predicted a certain amount of revenue.
On July 27, the latest earnings report for publicly traded NorthWestern, whose stock is listed by NASDAQ: NWE, was made available to the public. The company’s earnings per share for the period were $0.54, $0.01 above the consensus expectation of $0.53 per share. NorthWestern’s return on equity was 7.59%, while the company’s net margin was 12.61%. Additionally, the company’s sales in the quarter were significantly higher than expected, coming in at $323 million instead of the $290.20 million that analysts had forecast for the company. On the sell side of the market, some analysts have forecast NorthWestern to earn $3.32 per share in the current fiscal year.
Additionally, the company just announced and paid a quarterly dividend, which was done on September 30 of this year. On September 15, registered shareholders received dividends of $0.63 per share, which were distributed. These dividends were distributed to shareholders. This translates into a dividend yield of 4.90% and a dividend payout to shareholders of $2.52 per year. The ex-dividend date of this dividend was September 14 and this day also marked the start of the payment period. The payment period will last until the next ex-dividend date. The dividend payout ratio for NorthWestern has been calculated at 77.30%.
When trading began on Friday, the price of an individual share of NWE stock was $50.49. The company’s market capitalization is estimated at $2.84 billion and it has a price-earnings ratio of 15.49, a PEG ratio of 8.60 and a beta coefficient of 0.42. The company’s simple moving average over the past 50 days is $53.39 and the company’s simple moving average over the past 200 days is $55.58. The lowest point for NorthWestern in the last 52 weeks is $49.05, while the highest point for the company in the last 52 weeks is $63.06. The debt ratio was calculated as 1.03, the quick ratio was calculated as 0.79 and the current ratio was calculated as 1.05, respectively.
Several different brokerages have made NWE reports available on their respective websites. The research report that TheStreet made public on Monday August 29 gave NorthWestern a rating that was downgraded from b to c+. The previous rating for NorthWestern was a b rating. On July 19, KeyCorp released a research report stating that the company had reduced its target price for NorthWestern from $67.00 to $65.00 and designated the company as having an overweight rating. The report also stated that the company had designated the company as having an overweight rating. In a research note published Sept. 29, Bank of America lowered its price target for NorthWestern shares from $58.00 to $56.00 and changed its recommendation for the company to buy to underperform. In a research note published Monday, July 18, Barclays gave the company an equal weight rating and lowered its price target on NorthWestern from $62 to $57. Both of these changes were made in response to NorthWestern’s recent performance. Three research professionals gave the stock a Buy recommendation, while five gave the stock a Hold recommendation. According to information on Bloomberg.com, the stock currently receives a “Hold” recommendation and analysts have set an average price target of $61.00.
On September 15, NorthWestern CEO Robert C. Rowe completed the sale of 4,000 shares of the company, which is unrelated to other NorthWestern news. The total amount received for the sale of the shares was $216,040.00, which equates to an average price of $54.01 per share. After the transaction was completed, the CEO now owns 193,116 shares of the company. The total value of these shares is approximately $10,430,195.16. An SEC document available on the agency’s website explains in detail the transaction that was carried out. In addition, employees of the company hold 1.17% of the company’s total shares privately.