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

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

New Jersey Resources Price Performance

New Jersey Resources stock traded up $1.10 during midday trading on Wednesday, hitting $47.62. 177,763 shares of the company’s stock were exchanged, compared to its average volume of 544,351. The company has a market cap of $4.75 billion, a P/E ratio of 16.31 and a beta of 0.63. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.36 and a current ratio of 0.62. The stock has a 50-day moving average price of $47.51 and a two-hundred day moving average price of $46.88. New Jersey Resources has a 52-week low of $40.20 and a 52-week high of $51.94.

New Jersey Resources (NYSE:NJR) last posted its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the business earned $0.74 EPS. On average, equities research analysts forecast that New Jersey Resources will post 3.1 earnings per share for the current year.

New Jersey Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Tuesday, March 11th. New Jersey Resources’s dividend payout ratio is currently 61.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NJR shares. JPMorgan Chase & Co. lowered their price target on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company boosted their target price on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 27th. StockNews.com upgraded shares of New Jersey Resources from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, Guggenheim boosted their price objective on shares of New Jersey Resources from $53.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, New Jersey Resources presently has an average rating of “Moderate Buy” and an average target price of $51.75.

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 on Monday, December 23rd. The shares were sold at an average price of $46.00, for a total value of $229,218.00. Following the sale, the chief operating officer now owns 37,124 shares of the company’s stock, valued at $1,707,704. This trade represents a 11.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.72% of the stock is owned by corporate insiders.

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.