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 earnings per share guidance of 3.050-3.200 for the period, compared to the consensus earnings per share estimate of 2.890. The company issued revenue guidance of -. New Jersey Resources also updated its FY25 guidance to $3.05-3.20 EPS.

Wall Street Analysts Forecast Growth

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

New Jersey Resources Stock Up 0.9 %

NJR opened at $51.50 on Tuesday. The firm has a 50-day simple moving average of $46.99 and a two-hundred day simple moving average of $45.34. New Jersey Resources has a 52 week low of $39.44 and a 52 week high of $51.80. The company has a market capitalization of $5.11 billion, a PE ratio of 21.55 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 company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 annualized dividend and a yield of 3.50%. New Jersey Resources’s payout ratio is 75.31%.

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.