New Jersey Resources (NYSE:NJR) Issues 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 2.890. The company issued revenue guidance of -. New Jersey Resources also updated its FY25 guidance to $3.05-3.20 EPS.

New Jersey Resources Price Performance

NYSE:NJR traded up $0.46 on Monday, hitting $51.50. The company had a trading volume of 585,558 shares, compared to its average volume of 488,840. The firm has a 50 day moving average of $46.92 and a two-hundred day moving average of $45.29. The stock has a market capitalization of $5.11 billion, a price-to-earnings ratio of 21.36 and a beta of 0.59. New Jersey Resources has a 52 week low of $39.44 and a 52 week high of $51.80. The company has a current ratio of 0.60, a quick ratio of 0.41 and a debt-to-equity ratio of 1.30.

New Jersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.80 annualized dividend and a yield of 3.50%. New Jersey Resources’s dividend payout ratio is presently 75.31%.

Analysts Set New Price Targets

NJR has been the subject of a number of analyst reports. Wells Fargo & Company lifted their target price on shares of New Jersey Resources from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Mizuho upped their target price on New Jersey Resources from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Finally, StockNews.com raised New Jersey Resources from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.00.

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.