Southwest Gas (NYSE:SWX) Issues FY 2021 Earnings Guidance

Southwest Gas (NYSE:SWX) updated its FY 2021 earnings guidance on Tuesday. The company provided EPS guidance of $4.000-$4.100 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.180. The company issued revenue guidance of -.

Separately, Zacks Investment Research downgraded shares of Southwest Gas from a buy rating to a hold rating in a report on Friday, November 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Southwest Gas currently has an average rating of Hold and an average price target of $68.25.

SWX traded up $0.39 on Thursday, reaching $70.23. The company had a trading volume of 170,560 shares, compared to its average volume of 484,453. The business has a 50 day moving average of $68.66. The stock has a market capitalization of $4.24 billion, a P/E ratio of 17.17, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.79 and a current ratio of 1.03. Southwest Gas has a 52-week low of $57.00 and a 52-week high of $73.54.

Southwest Gas (NYSE:SWX) last announced its earnings results on Tuesday, November 9th. The utilities provider reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.12). Southwest Gas had a net margin of 6.68% and a return on equity of 8.89%. During the same quarter in the previous year, the company earned $0.32 earnings per share. On average, equities analysts expect that Southwest Gas will post 4.03 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 1st. Shareholders of record on Tuesday, February 15th will be paid a dividend of $0.595 per share. This represents a $2.38 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, February 14th. Southwest Gas’s dividend payout ratio (DPR) is presently 58.19%.

A hedge fund recently raised its stake in Southwest Gas stock. Morgan Stanley grew its holdings in shares of Southwest Gas Holdings, Inc. (NYSE:SWX) by 33.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 190,729 shares of the utilities provider’s stock after acquiring an additional 47,675 shares during the quarter. Morgan Stanley owned 0.32% of Southwest Gas worth $12,624,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 82.74% of the company’s stock.

About Southwest Gas

Southwest Gas Holdings, Inc engages in the energy business. It operates through the following segments: Natural Gas Operations and Utility Infrastructure Services. The Natural Gas Operations segment focuses in purchasing, distribution, and transportation of natural gas in Arizona, California, and Nevada.

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Earnings History and Estimates for Southwest Gas (NYSE:SWX)

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