New Jersey Resources (NYSE:NJR) Updates 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 -.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NJR shares. StockNews.com lowered New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Wells Fargo & Company lifted their price objective on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. lowered their target price on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating for the company in a research report on Tuesday, January 28th. Finally, Guggenheim boosted their price target on shares of New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $50.50.

New Jersey Resources Trading Up 0.4 %

Shares of NYSE:NJR traded up $0.22 during trading on Monday, hitting $48.17. The company had a trading volume of 511,033 shares, compared to its average volume of 548,325. New Jersey Resources has a one year low of $39.44 and a one year high of $51.94. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 16.49 and a beta of 0.63. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.62 and a quick ratio of 0.36. The company has a fifty day simple moving average of $47.66 and a two-hundred day simple moving average of $46.86.

New Jersey Resources (NYSE:NJR) last posted its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. New Jersey Resources had a return on equity of 13.54% and a net margin of 16.13%. During the same quarter in the previous year, the company posted $0.74 earnings per share. As a group, equities 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 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 is Tuesday, March 11th. This represents a $1.80 dividend on an annualized basis and a yield of 3.74%. New Jersey Resources’s dividend payout ratio is currently 61.64%.

Insider Transactions at New Jersey Resources

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.00, for a total transaction of $229,218.00. Following the transaction, the chief operating officer now directly owns 37,124 shares in the company, valued at $1,707,704. This 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. Corporate insiders own 0.72% of the company’s stock.

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.