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

New Jersey Resources (NYSE:NJR - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. 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 -.

New Jersey Resources Stock Performance

Shares of NYSE:NJR traded down $0.02 during midday trading on Thursday, reaching $46.96. The company's stock had a trading volume of 453,245 shares, compared to its average volume of 553,936. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 1.31. The stock has a fifty day moving average of $47.42 and a 200 day moving average of $46.88. New Jersey Resources has a twelve month low of $40.33 and a twelve month high of $51.94. The firm has a market capitalization of $4.69 billion, a PE ratio of 16.08 and a beta of 0.63.

New Jersey Resources (NYSE:NJR - Get Free Report) last posted its quarterly earnings results on Monday, February 3rd. The utilities provider reported $1.29 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $0.74 EPS. On average, equities analysts expect that New Jersey Resources will post 3.1 EPS for the current fiscal year.

New Jersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders 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 yield of 3.83%. The ex-dividend date of this dividend is Tuesday, March 11th. New Jersey Resources's payout ratio is presently 61.64%.

Analysts Set New Price Targets

NJR has been the subject of several recent research reports. Wells Fargo & Company lifted their target price on shares of New Jersey Resources from $51.00 to $54.00 and gave the company an "equal weight" rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. cut their price objective on shares of New Jersey Resources from $54.00 to $52.00 and set an "overweight" rating for the company in a report on Tuesday, January 28th. Guggenheim increased their target price on shares of New Jersey Resources from $53.00 to $54.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, StockNews.com upgraded New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, New Jersey Resources has an average rating of "Moderate Buy" and an average price target of $51.75.

Insider Activity

In other news, COO Patrick J. Migliaccio sold 4,983 shares of New Jersey Resources stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.00, for a total value of $229,218.00. Following the sale, the chief operating officer now directly owns 37,124 shares of the company's stock, valued at $1,707,704. The trade was a 11.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company 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.