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

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on NJR shares. StockNews.com raised New Jersey Resources from a “sell” rating to a “hold” rating in a research note on Tuesday. Guggenheim raised their price objective on New Jersey Resources from $53.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company raised their price target on shares of New Jersey Resources from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. Four analysts have rated the stock with 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.com, New Jersey Resources has an average rating of “Moderate Buy” and an average price target of $51.75.

New Jersey Resources Stock Performance

Shares of NYSE NJR traded up $1.10 during mid-day trading on Wednesday, reaching $47.62. 177,763 shares of the company’s stock were exchanged, compared to its average volume of 544,351. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 16.31 and a beta of 0.63. The firm has a 50-day moving average price of $47.51 and a two-hundred day moving average price of $46.88. 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 52 week low of $40.20 and a 52 week high of $51.94.

New Jersey Resources (NYSE:NJR) last released its earnings results on Monday, February 3rd. The utilities provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates 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. Analysts predict that New Jersey Resources will post 3.1 EPS for the current year.

New Jersey Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.80 annualized dividend and a dividend yield of 3.78%. New Jersey Resources’s payout ratio is presently 61.64%.

Insider Transactions at New Jersey Resources

In related news, COO Patrick J. Migliaccio sold 4,983 shares of New Jersey Resources stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 37,124 shares in the company, valued at approximately $1,707,704. The trade was a 11.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

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.