New Jersey Resources (NJR) to Release Quarterly Earnings on Monday

New Jersey Resources (NYSE:NJR - Get Free Report) is expected to post its quarterly earnings results after the market closes on Monday, February 3rd. Analysts expect New Jersey Resources to post earnings of $1.14 per share for the quarter. New Jersey Resources has set its FY25 guidance at $3.05-3.20 EPS and its FY 2025 guidance at 3.050-3.200 EPS.Parties that are interested in registering for the company's conference call can do so using this link.

New Jersey Resources (NYSE:NJR - Get Free Report) last issued its quarterly earnings results on Monday, November 25th. The utilities provider reported $0.89 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.89. The firm had revenue of $395.78 million during the quarter, compared to the consensus estimate of $406.97 million. New Jersey Resources had a return on equity of 13.54% and a net margin of 16.13%. The company's revenue for the quarter was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, analysts expect New Jersey Resources to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

New Jersey Resources Price Performance

NJR traded up $0.98 on Monday, reaching $47.85. The company had a trading volume of 749,635 shares, compared to its average volume of 532,833. New Jersey Resources has a 52-week low of $39.44 and a 52-week high of $51.94. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 16.39 and a beta of 0.64. 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 business has a 50 day simple moving average of $47.83 and a 200 day simple moving average of $46.77.

New Jersey Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Tuesday, March 11th. New Jersey Resources's payout ratio is 61.64%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of 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. Guggenheim upped their price objective on New Jersey Resources from $46.00 to $49.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. StockNews.com cut New Jersey Resources from a "hold" rating to a "sell" rating in a report on Friday, January 10th. Finally, JPMorgan Chase & Co. raised New Jersey Resources from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $52.00 to $54.00 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, New Jersey Resources has an average rating of "Hold" and an average target price of $51.00.

Insider Activity

In other news, COO Patrick J. Migliaccio sold 4,983 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.00, for a total transaction of $229,218.00. Following the completion of the sale, the chief operating officer now owns 37,124 shares of the company's stock, valued at approximately $1,707,704. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.72% of the company's stock.

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.