Southwest Gas Corporation (NYSE:SWX) – Gabelli issued their FY2020 earnings per share (EPS) estimates for shares of Southwest Gas Corporation in a report released on Friday. Gabelli analyst T. Winter anticipates that the utilities provider will post earnings per share of $4.00 for the year. Gabelli also issued estimates for Southwest Gas Corporation’s FY2021 earnings at $4.20 EPS.
Southwest Gas Corporation (NYSE:SWX) last released its quarterly earnings results on Tuesday, November 7th. The utilities provider reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.07. Southwest Gas Corporation had a return on equity of 9.56% and a net margin of 6.64%. The company had revenue of $593.15 million for the quarter, compared to analyst estimates of $579.40 million. During the same period in the previous year, the company posted $0.05 earnings per share. The firm’s revenue was up 9.8% on a year-over-year basis.
A number of other analysts have also recently commented on the company. KeyCorp reiterated a “hold” rating on shares of Southwest Gas Corporation in a research report on Friday, October 20th. Jefferies Group LLC restated a “hold” rating and issued a $70.00 price target on shares of Southwest Gas Corporation in a research report on Monday, October 16th. Zacks Investment Research upgraded Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. BidaskClub raised Southwest Gas Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Finally, UBS AG upped their price objective on Southwest Gas Corporation from $83.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. Southwest Gas Corporation presently has a consensus rating of “Hold” and an average target price of $81.00.
Southwest Gas Corporation (SWX) traded down $0.40 during trading on Monday, reaching $79.68. The company’s stock had a trading volume of 215,600 shares, compared to its average volume of 263,612. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.01. Southwest Gas Corporation has a twelve month low of $70.83 and a twelve month high of $86.65. The company has a market capitalization of $3,822.37, a P/E ratio of 23.55, a price-to-earnings-growth ratio of 3.63 and a beta of 0.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Thursday, February 15th will be issued a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.48%. Southwest Gas Corporation’s payout ratio is 58.24%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWX. Macquarie Group Ltd. increased its holdings in Southwest Gas Corporation by 53.9% during the 2nd quarter. Macquarie Group Ltd. now owns 1,353,810 shares of the utilities provider’s stock worth $98,909,000 after purchasing an additional 474,320 shares during the period. AJO LP boosted its position in shares of Southwest Gas Corporation by 279.6% in the 2nd quarter. AJO LP now owns 399,472 shares of the utilities provider’s stock worth $29,185,000 after purchasing an additional 294,244 shares in the last quarter. Renaissance Technologies LLC lifted its position in Southwest Gas Corporation by 336.6% during the 2nd quarter. Renaissance Technologies LLC now owns 370,700 shares of the utilities provider’s stock worth $27,083,000 after acquiring an additional 285,800 shares during the period. Victory Capital Management Inc. lifted its position in Southwest Gas Corporation by 44.3% during the 3rd quarter. Victory Capital Management Inc. now owns 492,353 shares of the utilities provider’s stock worth $38,216,000 after acquiring an additional 151,106 shares during the period. Finally, Bank of Montreal Can lifted its position in Southwest Gas Corporation by 123.5% during the 2nd quarter. Bank of Montreal Can now owns 221,987 shares of the utilities provider’s stock worth $16,218,000 after acquiring an additional 122,663 shares during the period. Institutional investors own 75.65% of the company’s stock.
Southwest Gas Corporation Company Profile
Southwest Gas Holdings, Inc, formerly Southwest Gas Corporation, is engaged in the business of purchasing, distributing and transporting natural gas. The Company operates through two segments: natural gas operations and construction services, which includes the operations of the Company’s subsidiary, Centuri Construction Group, Inc (Centuri).
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