Southwest Gas (SWX) Scheduled to Post Quarterly Earnings on Tuesday

Southwest Gas (NYSE:SWX) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, November 6th. Analysts expect the company to announce earnings of $0.09 per share for the quarter.

Southwest Gas (NYSE:SWX) last released its quarterly earnings results on Tuesday, August 7th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.11. The firm had revenue of $670.88 million for the quarter, compared to the consensus estimate of $611.60 million. Southwest Gas had a return on equity of 10.22% and a net margin of 7.51%. On average, analysts expect Southwest Gas to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

SWX stock opened at $77.92 on Friday. The firm has a market capitalization of $3.83 billion, a PE ratio of 20.19, a PEG ratio of 5.21 and a beta of 0.39. Southwest Gas has a 1 year low of $62.53 and a 1 year high of $86.87. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.05.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Thursday, November 15th will be paid a $0.52 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.67%. Southwest Gas’s dividend payout ratio (DPR) is currently 57.46%.

SWX has been the topic of a number of research reports. Zacks Investment Research downgraded Southwest Gas from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 19th. ValuEngine downgraded Southwest Gas from a “buy” rating to a “hold” rating in a research note on Thursday. Bank of America set a $76.00 price target on Southwest Gas and gave the stock a “sell” rating in a research note on Wednesday, October 3rd. Finally, Citigroup raised their price target on Southwest Gas from $73.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $78.17.

In related news, SVP Eric Debonis sold 700 shares of Southwest Gas stock in a transaction on Friday, August 10th. The stock was sold at an average price of $79.18, for a total transaction of $55,426.00. Following the transaction, the senior vice president now directly owns 12,954 shares in the company, valued at $1,025,697.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Kenneth J. Kenny sold 500 shares of Southwest Gas stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $82.67, for a total value of $41,335.00. Following the transaction, the vice president now owns 15,509 shares in the company, valued at $1,282,129.03. The disclosure for this sale can be found here. Insiders have sold 1,500 shares of company stock worth $121,331 over the last quarter. 0.99% of the stock is owned by company insiders.

Southwest Gas Company Profile

Southwest Gas Holdings, Inc, through its subsidiaries, purchases, distributes, and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Operations and Construction Services segments. As of December 31, 2017, it had 2,015,000 residential, commercial, industrial, and other natural gas customers.

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Earnings History for Southwest Gas (NYSE:SWX)

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