NW Natural Q2 adjusted EPS flat yr/yr on technology costs
NWN•Q2 adjusted EPS and dividend
US gas and water utility NW Natural Holding Company said second-quarter adjusted earnings per share were flat year over year at $0.01.
The company also reported a Q2 dividend of $0.49.
Analyst coverage and valuation
The current average analyst rating on the shares is buy, with the breakdown of recommendations showing 3 strong buy or buy, 2 hold and 1 sell or strong sell.
The average consensus recommendation for the natural gas utilities peer group is buy.
Wall Street's median 12-month price target for Northwest Natural Holding Company is $58.00, about 19.1% above its August 4 closing price of $48.71.
The stock recently traded at 15 times next 12-month earnings, versus a P/E of 17 three months ago.
Drivers behind segment results
- Higher margin from new rates in Oregon was offset by increased O&M, depreciation and financing costs, the company said.
