NorthWestern Corporation (NYSE:NWE) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.30-$3.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.38.

NorthWestern Corporation (NYSE:NWE) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). The company had revenue of $309.90 million during the quarter, compared to analysts’ expectations of $305.60 million. NorthWestern Corporation had a net margin of 13.17% and a return on equity of 9.31%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS.

A number of equities research analysts recently commented on NWE shares. Zacks Investment Research raised shares of NorthWestern Corporation from a sell rating to a hold rating in a research note on Wednesday. BidaskClub raised shares of NorthWestern Corporation from a strong sell rating to a sell rating in a research note on Tuesday, August 8th. Bank of America Corporation started coverage on shares of NorthWestern Corporation in a research note on Tuesday, October 24th. They issued an underperform rating and a $54.00 price objective on the stock. KeyCorp reissued a hold rating on shares of NorthWestern Corporation in a research note on Friday, October 20th. Finally, Williams Capital increased their price objective on shares of NorthWestern Corporation from $61.00 to $64.00 and gave the company a hold rating in a research note on Wednesday, July 5th. Four research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company presently has a consensus rating of Sell and an average price target of $58.50.

In other NorthWestern Corporation news, CEO Robert C. Rowe sold 3,626 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $60.43, for a total transaction of $219,119.18. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.33% of the stock is currently owned by corporate insiders.

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NorthWestern Corporation Company Profile

NorthWestern Corporation, doing business as North-Western Energy, provides electricity and natural gas. The Company’s segments are Electric operations, Natural gas operations and All other. As of December 31, 2016, the Company provided electricity and natural gas to approximately 709,600 customers in Montana, South Dakota and Nebraska.

Earnings History and Estimates for NorthWestern Corporation (NYSE:NWE)

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