Northwest Natural Gas (NYSE:NWN) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.10-2.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.27.

Northwest Natural Gas (NYSE NWN) opened at $56.30 on Friday. The firm has a market capitalization of $1,616.54, a P/E ratio of 25.13, a price-to-earnings-growth ratio of 5.50 and a beta of 0.33. Northwest Natural Gas has a fifty-two week low of $52.47 and a fifty-two week high of $69.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.98 and a quick ratio of 0.69.

Northwest Natural Gas (NYSE:NWN) last released its quarterly earnings results on Friday, February 23rd. The utilities provider reported $1.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.07. The firm had revenue of $240.40 million during the quarter, compared to analysts’ expectations of $241.36 million. Northwest Natural Gas had a return on equity of 7.31% and a net margin of 8.32%. Northwest Natural Gas’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. equities analysts forecast that Northwest Natural Gas will post 2.28 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st were issued a $0.4725 dividend. This represents a $1.89 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Tuesday, January 30th. Northwest Natural Gas’s dividend payout ratio is presently -97.42%.

A number of equities analysts have issued reports on the company. Royal Bank of Canada assumed coverage on Northwest Natural Gas in a research report on Tuesday, December 19th. They issued a sector perform rating and a $63.00 target price on the stock. Zacks Investment Research raised Northwest Natural Gas from a sell rating to a hold rating in a research report on Wednesday, November 8th. Guggenheim lowered Northwest Natural Gas from a neutral rating to a sell rating in a research report on Tuesday, January 2nd. Wells Fargo & Co lowered Northwest Natural Gas from a market perform rating to an underperform rating in a research report on Monday, December 18th. Finally, Sidoti lowered Northwest Natural Gas from a buy rating to a neutral rating and set a $63.00 target price on the stock. in a research report on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company. Northwest Natural Gas has a consensus rating of Hold and a consensus price target of $67.00.

In other Northwest Natural Gas news, Director Mark S. Dodson sold 1,036 shares of the company’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $56.05, for a total value of $58,067.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.48% of the company’s stock.

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Northwest Natural Gas Company Profile

Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. The Company’s segments include Local Gas Distribution, Gas Storage and other. The Company maintains operations in Oregon, Washington and California and conducts businesses through NW Natural and its subsidiaries.

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