At the time of writing, Southwest Gas Holdings Inc. [SWX] stock is trading at $75.77, up down -0.11%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SWX shares have lost -13.67% over the last week, with a monthly amount drifted -12.37%, and not seem to be holding up well over a long-time horizon.
On 3, August 2022, Southwest Gas Holdings, Inc. to Report Second Quarter 2022 Results on August 9, 2022. In a post published today on Yahoo Finance, Company to Host Earnings Conference Call on August 10, 2022.
From an analyst’s perspective:
Southwest Gas Holdings Inc. [NYSE: SWX] stock has seen the most recent analyst activity on June 09, 2022, when Argus upgraded its rating to a Buy but kept the price target unchanged to $100 for it. Previously, BofA Securities upgraded its rating to Buy on March 30, 2022, and elevated its price target to $88. On January 29, 2021, downgrade downgraded it’s rating to Neutral but maintained its price target of $63 on the stock. BofA Securities downgraded its rating to a Underperform but stick to its price target of $60 on December 10, 2020. Wells Fargo upgraded its rating to Equal Weight for this stock on August 19, 2020, and downed its price target to $73. In a note dated April 24, 2020, Jefferies downgraded an Hold rating on this stock but restated the target price of $72.
For the past year, the stock price of Southwest Gas Holdings Inc. fluctuated between $62.58 and $95.62. Currently, Wall Street analysts expect the stock to reach $95.50 within the next 12 months. Southwest Gas Holdings Inc. [NYSE: SWX] shares were valued at $75.77 at the most recent close of the market. An investor can expect a potential return of 26.04% based on the average price forecast.
Analyzing the SWX fundamentals
According to Southwest Gas Holdings Inc. [NYSE:SWX], the company’s sales were 1.27 billion in the recent quarter, which represents an 43.10% jump. Gross Margin for this corporation currently stands at +12.22% with Operating Margin at +10.04%, Pretax Margin comes in at +6.71%, and Net Margin reading is +5.46%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.14 points at the first support level, and at 74.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.71, and for the 2nd resistance point, it is at 77.66.
Southwest Gas Holdings Inc. [SWX] reported earnings per share of $1.74 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.14/share, meaning a difference of $-0.4 and a surprise factor of -18.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were $1.15 per share as compared to estimates of $1.57 per share, a difference of $-0.42 representing a surprise of -26.80%.
Ratios To Look Out For
It is important to note that Southwest Gas Holdings Inc. [NYSE:SWX] has a current ratio of 0.80. Also, the Quick Ratio is 0.41, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 1.13, the price to book ratio is 1.43 and the P/E (TTM) ratio is 25.55.
Transactions by insiders
We now turn our attention to insider trading, which in the past 3 months has resulted in 2 insider buyings of 167 shares and 9 insider sellings of 15,081 shares. Recent insider trading involved Cardenas Jose A, Director, that happened on Jun 13 when 1360.0 shares were sold. SVP/Exec Operations Advisor, DeBonis Eric completed a deal on Jun 02 to sell 3500.0 shares. Meanwhile, SVP/Exec Operations Advisor DeBonis Eric sold 2700.0 shares on May 31.