Southwest Gas (SWX) Expected to Announce Earnings on Wednesday

Southwest Gas (NYSE:SWX) is expected to post its quarterly earnings results before the market opens on Wednesday, February 26th. Analysts expect Southwest Gas to post earnings of $1.21 per share and revenue of $1.35 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Southwest Gas Trading Up 0.6 %

NYSE SWX opened at $77.96 on Wednesday. The stock has a market cap of $5.59 billion, a P/E ratio of 31.44, a P/E/G ratio of 3.13 and a beta of 0.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.21. Southwest Gas has a 12-month low of $59.40 and a 12-month high of $80.29. The company has a fifty day simple moving average of $72.70 and a two-hundred day simple moving average of $73.42.

Analyst Upgrades and Downgrades

A number of analysts have commented on SWX shares. JPMorgan Chase & Co. lowered their price target on Southwest Gas from $76.00 to $72.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Jefferies Financial Group initiated coverage on Southwest Gas in a research report on Tuesday, January 14th. They issued a “hold” rating and a $73.00 target price on the stock. LADENBURG THALM/SH SH raised 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 issued a $73.00 price objective on shares of Southwest Gas in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.