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

New Jersey Resources (NYSE:NJR) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 3.050-3.200 for the period, compared to the consensus estimate of 3.100. The company issued revenue guidance of -.

New Jersey Resources Stock Performance

NYSE:NJR traded up $0.22 during mid-day trading on Monday, reaching $48.17. The company’s stock had a trading volume of 511,033 shares, compared to its average volume of 548,325. The firm’s fifty day moving average price is $47.66 and its two-hundred day moving average price is $46.86. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. The stock has a market cap of $4.81 billion, a P/E ratio of 16.49 and a beta of 0.63. New Jersey Resources has a 12-month low of $39.44 and a 12-month high of $51.94.

New Jersey Resources (NYSE:NJR) last released its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 earnings per share 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 quarter in the previous year, the business earned $0.74 earnings per share. On average, equities analysts forecast that New Jersey Resources will post 3.1 EPS for the current fiscal year.

New Jersey Resources Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders 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 dividend yield of 3.74%. New Jersey Resources’s dividend payout ratio (DPR) is currently 61.64%.

Analyst Ratings Changes

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

Insider Activity

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the stock in a transaction 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 completion of the sale, the chief operating officer now owns 37,124 shares in the company, valued at approximately $1,707,704. This represents a 11.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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.