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

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. StockNews.com raised shares of New Jersey Resources from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Wells Fargo & Company increased their target price on New Jersey Resources from $47.00 to $51.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 16th. Finally, Mizuho boosted their price target on New Jersey Resources from $45.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Four analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, New Jersey Resources has a consensus rating of “Hold” and an average price target of $49.00.

New Jersey Resources Stock Up 0.9 %

Shares of NJR stock traded up $0.46 during trading on Monday, reaching $51.50. The company’s stock had a trading volume of 585,263 shares, compared to its average volume of 488,839. New Jersey Resources has a one year low of $39.44 and a one year high of $51.80. The business has a fifty day moving average price of $46.92 and a 200-day moving average price of $45.29. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 21.36 and a beta of 0.59. The company has a quick ratio of 0.41, a current ratio of 0.60 and a debt-to-equity ratio of 1.30.

New Jersey Resources Announces Dividend

The business 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. This represents a $1.80 annualized dividend and a dividend yield of 3.50%. The ex-dividend date is Wednesday, December 11th. New Jersey Resources’s payout ratio is 75.31%.

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.