New Jersey Resources (NYSE:NJR) Releases FY 2025 Earnings Guidance

New Jersey Resources (NYSE:NJR) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.050-3.200 for the period, compared to the consensus estimate of 3.100. The company issued revenue guidance of -.

New Jersey Resources Trading Up 0.4 %

NYSE NJR opened at $48.17 on Tuesday. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. New Jersey Resources has a 52 week low of $39.44 and a 52 week high of $51.94. The company’s fifty day simple moving average is $47.66 and its 200-day simple moving average is $46.86. The stock has a market cap of $4.81 billion, a P/E ratio of 16.49 and a beta of 0.63.

New Jersey Resources (NYSE:NJR) last announced its earnings results on Monday, February 3rd. The utilities provider reported $1.29 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.15. New Jersey Resources had a net margin of 16.13% and a return on equity of 13.54%. During the same quarter in the prior year, the firm earned $0.74 earnings per share. Equities research analysts predict that New Jersey Resources will post 3.1 EPS for the current fiscal year.

New Jersey Resources Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.80 dividend on an annualized basis and a yield of 3.74%. New Jersey Resources’s payout ratio is currently 61.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on NJR shares. JPMorgan Chase & Co. cut their price target on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lifted their price objective on shares of New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. StockNews.com lowered shares of New Jersey Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Finally, Guggenheim lifted their price target on shares of New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.50.

Insider Transactions at New Jersey Resources

In other news, COO Patrick J. Migliaccio sold 4,983 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $46.00, for a total transaction of $229,218.00. Following the completion of the sale, the chief operating officer now owns 37,124 shares of the company’s stock, valued at $1,707,704. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by insiders.

New Jersey Resources Company Profile

New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets.