New Jersey Resources (NYSE:NJR) Issues FY25 Earnings Guidance

New Jersey Resources (NYSE:NJR) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $3.05-3.20 for the period, compared to the consensus EPS estimate of $2.89. New Jersey Resources also updated its FY 2025 guidance to 3.050-3.200 EPS.

Analysts Set New Price Targets

A number of research firms recently weighed in on NJR. StockNews.com cut shares of New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of New Jersey Resources from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Mizuho increased their price objective on shares of New Jersey Resources from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. increased their price objective on shares of New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $49.00.

New Jersey Resources Price Performance

New Jersey Resources stock opened at $50.71 on Wednesday. The firm has a market cap of $5.03 billion, a PE ratio of 17.37 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 quick ratio of 0.41, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. The company’s 50 day moving average is $47.04 and its two-hundred day moving average is $45.38.

New Jersey Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.55%. New Jersey Resources’s payout ratio is 61.64%.

About New Jersey Resources

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.