NiSource (NI) Set to Announce Earnings on Wednesday

NiSource (NYSE:NI - Get Free Report) will be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect NiSource to post earnings of $0.15 per share for the quarter. NiSource has set its FY24 guidance at $1.70-$1.74 EPS and its FY 2024 guidance at 1.700-1.740 EPS.Persons interested in listening to the company's earnings conference call can do so using this link.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.06. NiSource had a net margin of 14.76% and a return on equity of 9.15%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the company earned $0.11 earnings per share. On average, analysts expect NiSource to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NiSource Stock Up 1.6 %

NYSE NI traded up $0.54 on Wednesday, hitting $35.31. The stock had a trading volume of 3,259,668 shares, compared to its average volume of 4,055,697. The business's fifty day moving average price is $33.69 and its 200 day moving average price is $30.65. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.78 and a quick ratio of 0.63. NiSource has a 52-week low of $24.58 and a 52-week high of $35.32. The stock has a market cap of $15.83 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.84 and a beta of 0.51.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Thursday, October 31st will be issued a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource's dividend payout ratio is currently 69.28%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NI shares. Bank of America started coverage on shares of NiSource in a report on Thursday, September 12th. They set a "buy" rating and a $37.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of NiSource from $36.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday. Evercore ISI boosted their price objective on shares of NiSource from $32.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, August 8th. Mizuho started coverage on shares of NiSource in a report on Thursday, July 11th. They set an "outperform" rating and a $33.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NiSource has a consensus rating of "Moderate Buy" and an average price target of $36.29.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.