Southwest Gas (SWX) Set to Announce Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX) will be announcing its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Southwest Gas (NYSE:SWX) last announced its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.17). The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. Southwest Gas had a net margin of 3.44% and a return on equity of 6.18%. Southwest Gas’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the business earned $0.47 EPS. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Price Performance

Shares of SWX opened at $73.12 on Wednesday. The company has a market capitalization of $5.24 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.82 and a beta of 0.38. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.38. The firm has a 50 day moving average of $72.99 and a 200 day moving average of $73.55. Southwest Gas has a twelve month low of $56.17 and a twelve month high of $78.46.

Southwest Gas Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Friday, November 15th. Southwest Gas’s dividend payout ratio (DPR) is currently 92.88%.

Wall Street Analysts Forecast Growth

SWX has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Southwest Gas from $78.00 to $70.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company raised their price target on shares of Southwest Gas from $74.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th.

Insiders Place Their Bets

In other Southwest Gas news, CFO Robert J. Stefani sold 767 shares of Southwest Gas stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $73.14, for a total value of $56,098.38. Following the completion of the sale, the chief financial officer now owns 43,438 shares of the company’s stock, valued at approximately $3,177,055.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.39% of the stock is currently owned by insiders.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.