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Southwest Gas Corporation, formerly headed by Jeffrey W. Shaw, is in the middle of 2018’s first quarter, and research analysts have begun issuing their Q1 2018 estimates. According to Zacks Investment Research, analysts at Jefferies Group recently posted a note to investors projecting a $1.73 earning per share for this period. The group maintains a “Hold” rating and a stock price target of $70.
The gas conglomerate posted its last quarterly earnings in early November of 2017, and reported $0.21 earnings per share, surpassing the Thomson Reuters’ projection by $0.07. The company’s revenue also performed better than expected, reporting revenue of $593.15 million for the last quarter, $13.75 million more than analyst estimates.
Southwest Gas Corp. has been a significant business across the U.S. but has much local value as well. Southwest Gas’s former CEO Jeffrey W. Shaw was committed not only to his company’s national success, but to its contributions to the local Las Vegas community as well. When he retired, Senator Dean Heller spoke of his dedication to his company and to the state of Nevada.
“It is not only Mr. [Jeffrey W.] Shaw’s commitment and drive to excel that place him among the most notable in his community, but also his genuine good nature in helping others,” he said. “He has served Las Vegas by contributing to higher education and the local Boy Scout community, and by working to improve the quality of life across the state. His commitment to helping those around him is unwavering.
“I am very grateful for his dedication to the dedication to the people of Las Vegas and to the State of Nevada. He exemplifies the highest standards of leadership and community service and should be proud of his long and meaningful career.”
