New Jersey Resources (NYSE:NJR - Get Free Report) is expected to be issuing its Q2 2025 quarterly earnings data after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $1.49 per share and revenue of $732.00 million for the quarter. New Jersey Resources has set its FY 2025 guidance at 3.050-3.200 EPS.
New Jersey Resources (NYSE:NJR - Get Free Report) last announced its earnings results on Monday, February 3rd. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.15. New Jersey Resources had a return on equity of 15.72% and a net margin of 18.25%. During the same period last year, the business posted $0.74 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 Stock Up 1.2 %
Shares of NJR stock traded up $0.59 during mid-day trading on Friday, reaching $49.50. 424,667 shares of the company were exchanged, compared to its average volume of 532,077. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.61 and a current ratio of 0.89. The business's 50 day simple moving average is $48.59 and its 200 day simple moving average is $47.76. The company has a market capitalization of $4.96 billion, a P/E ratio of 14.91 and a beta of 0.58. New Jersey Resources has a fifty-two week low of $41.58 and a fifty-two week high of $51.95.
New Jersey Resources Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 3.64%. The ex-dividend date is Tuesday, June 10th. New Jersey Resources's dividend payout ratio is currently 54.22%.
Analysts Set New Price Targets
A number of equities analysts recently commented on the company. StockNews.com upgraded New Jersey Resources from a "sell" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on New Jersey Resources from $54.00 to $52.00 and set an "overweight" rating for the company in a research report on Tuesday, January 28th. New Street Research set a $51.00 price target on New Jersey Resources in a research report on Tuesday, April 1st. Jefferies Financial Group initiated coverage on New Jersey Resources in a research note on Tuesday, April 1st. They set a "hold" rating and a $51.00 price objective on the stock. Finally, 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 report on Wednesday, February 5th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $51.50.
Get Our Latest Report on New Jersey Resources
Insiders Place Their Bets
In other news, CFO Roberto Bel sold 1,173 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of $50.00, for a total value of $58,650.00. Following the completion of the transaction, the chief financial officer now owns 22,649 shares of the company's stock, valued at approximately $1,132,450. This represents a 4.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.72% of the stock is owned by insiders.
New Jersey Resources Company Profile
(
Get Free Report)
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.
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