Southwest Gas (SWX) to Release Earnings on Wednesday

Southwest Gas (NYSE:SWX) is expected to be announcing its earnings results before the market opens on Wednesday, February 26th. Analysts expect the company to announce earnings of $1.21 per share and revenue of $1.35 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Southwest Gas Stock Performance

NYSE:SWX opened at $76.92 on Monday. Southwest Gas has a 1-year low of $60.88 and a 1-year high of $80.29. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.85 and a quick ratio of 0.85. The business has a 50 day moving average of $72.89 and a 200 day moving average of $73.55. The company has a market capitalization of $5.52 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 3.16 and a beta of 0.44.

Southwest Gas Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Thursday, May 15th. Southwest Gas’s payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

SWX has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of Southwest Gas from $76.00 to $72.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Jefferies Financial Group began coverage on shares of Southwest Gas in a research report on Tuesday, January 14th. They set a “hold” rating and a $73.00 price objective on the stock. LADENBURG THALM/SH SH upgraded shares of Southwest Gas to a “strong-buy” rating in a research report on Friday, January 24th. Finally, Bank of America reaffirmed an “underperform” rating and set a $73.00 target price on shares of Southwest Gas in a report on Friday, December 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.80.

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.