New Jersey Resources (NYSE:NJR) Issues 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 earnings per share guidance of 3.150-3.300 for the period, compared to the consensus earnings per share estimate of 3.110. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NJR. Jefferies Financial Group started coverage on New Jersey Resources in a report on Tuesday, April 1st. They issued a "hold" rating and a $51.00 price objective for the company. New Street Research set a $51.00 price target on New Jersey Resources in a research report on Tuesday, April 1st. Guggenheim lifted their price objective 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. StockNews.com lowered shares of New Jersey Resources from a "hold" rating to a "sell" rating in a research note on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of New Jersey Resources from $51.00 to $53.00 and gave the stock an "equal weight" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $51.33.

New Jersey Resources Stock Performance

Shares of NJR traded down $0.69 during midday trading on Friday, hitting $47.29. 648,323 shares of the stock traded hands, compared to its average volume of 536,711. The business's 50 day moving average price is $48.60 and its two-hundred day moving average price is $47.81. The firm has a market capitalization of $4.74 billion, a PE ratio of 14.24 and a beta of 0.66. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.61 and a current ratio of 0.89. New Jersey Resources has a 1-year low of $41.58 and a 1-year high of $51.95.

New Jersey Resources (NYSE:NJR - Get Free Report) last posted its earnings results on Monday, May 5th. The utilities provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.65 by $0.11. The firm had revenue of $913.03 million during the quarter, compared to analysts' expectations of $732.00 million. New Jersey Resources had a net margin of 18.25% and a return on equity of 15.72%. New Jersey Resources's quarterly revenue was up 38.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. Equities research analysts predict that New Jersey Resources will post 3.15 EPS for the current fiscal year.

New Jersey Resources Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 10th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.80 annualized dividend and a dividend yield of 3.81%. New Jersey Resources's payout ratio is 54.22%.

Insider Activity

In related news, CFO Roberto Bel sold 2,346 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $48.58, for a total value of $113,968.68. Following the completion of the transaction, the chief financial officer now owns 23,822 shares in the company, valued at $1,157,272.76. This represents a 8.97 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate 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.