New Jersey Resources (NYSE:NJR) Releases FY25 Earnings Guidance

New Jersey Resources (NYSE:NJR) updated its FY25 earnings guidance on Monday. The company provided EPS guidance of $3.05-3.20 for the period, compared to the consensus EPS estimate of $2.89. New Jersey Resources also updated its FY 2025 guidance to 3.050-3.200 EPS.

Wall Street Analysts Forecast Growth

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

New Jersey Resources Trading Up 0.9 %

Shares of NJR stock opened at $51.50 on Tuesday. The company has a quick ratio of 0.41, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $5.11 billion, a PE ratio of 21.55 and a beta of 0.59. The firm has a 50 day moving average price of $46.99 and a two-hundred day moving average price of $45.34. New Jersey Resources has a 12-month low of $39.44 and a 12-month high of $51.80.

New Jersey Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, December 11th. New Jersey Resources’s dividend payout ratio is 75.31%.

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.