New Jersey Resources (NJR) Expected to Announce Quarterly Earnings on Monday

New Jersey Resources (NYSE:NJR) is expected to announce its earnings results after the market closes on Monday, February 3rd. Analysts expect the company to announce earnings of $1.14 per share and revenue of $468.00 million for the quarter. New Jersey Resources has set its FY25 guidance at $3.05-3.20 EPS and its FY 2025 guidance at 3.050-3.200 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

New Jersey Resources (NYSE:NJR) last announced its quarterly earnings results on Monday, November 25th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.89. New Jersey Resources had a net margin of 16.13% and a return on equity of 13.54%. The company had revenue of $395.78 million for the quarter, compared to the consensus estimate of $406.97 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 19.5% compared to the same quarter last year. On average, analysts expect New Jersey Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

New Jersey Resources Trading Up 0.2 %

Shares of NJR opened at $48.00 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.36. New Jersey Resources has a 1-year low of $39.44 and a 1-year high of $51.94. The stock has a market cap of $4.79 billion, a price-to-earnings ratio of 16.44 and a beta of 0.64. The firm has a 50 day simple moving average of $47.72 and a 200-day simple moving average of $46.83.

New Jersey Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.75%. New Jersey Resources’s dividend payout ratio (DPR) is 61.64%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $46.00, for a total value of $229,218.00. Following the transaction, the chief operating officer now directly owns 37,124 shares of the company’s stock, valued at $1,707,704. This trade represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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.