NewJersey Resources (NYSE:NJR) Issues FY 2025 Earnings Guidance

NewJersey Resources (NYSE:NJR - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 3.150-3.300 for the period. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Mizuho cut their target price on NewJersey Resources from $52.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 15th. Jefferies Financial Group began coverage on shares of NewJersey Resources in a report on Tuesday, April 1st. They set a "hold" rating and a $51.00 price objective on the stock. Wall Street Zen upgraded shares of NewJersey Resources from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th. JPMorgan Chase & Co. dropped their target price on shares of NewJersey Resources from $56.00 to $51.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company lifted their price target on shares of NewJersey Resources from $51.00 to $53.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.29.

NewJersey Resources Stock Performance

NewJersey Resources stock traded down $0.75 during midday trading on Wednesday, hitting $44.38. 532,705 shares of the company's stock were exchanged, compared to its average volume of 548,926. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.73 and a current ratio of 0.93. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 10.77 and a beta of 0.62. NewJersey Resources has a 12-month low of $41.68 and a 12-month high of $51.95. The firm's 50 day simple moving average is $46.71 and its 200 day simple moving average is $47.16.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The utilities provider reported $1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.65 by $0.11. NewJersey Resources had a return on equity of 16.95% and a net margin of 20.03%. The firm had revenue of $913.03 million for the quarter, compared to analyst estimates of $732.00 million. During the same quarter last year, the company posted $1.41 earnings per share. The business's revenue was up 38.8% on a year-over-year basis. Equities research analysts predict that NewJersey Resources will post 3.15 EPS for the current year.

NewJersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 10th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.80 dividend on an annualized basis and a yield of 4.06%. NewJersey Resources's payout ratio is currently 43.69%.

Insider Transactions at NewJersey Resources

In related news, COO Patrick J. Migliaccio sold 1,500 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $44.22, for a total transaction of $66,330.00. Following the sale, the chief operating officer now owns 35,690 shares of the company's stock, valued at approximately $1,578,211.80. The trade was a 4.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Roberto Bel sold 1,173 shares of NewJersey Resources stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $50.00, for a total transaction of $58,650.00. Following the sale, the chief financial officer now owns 22,649 shares of the company's stock, valued at approximately $1,132,450. The trade was a 4.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.72% of the company's stock.

Institutional Trading of NewJersey Resources

A number of institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NewJersey Resources by 6.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider's stock worth $2,912,000 after buying an additional 3,422 shares in the last quarter. NewEdge Advisors LLC raised its position in NewJersey Resources by 65.7% during the first quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock worth $1,090,000 after acquiring an additional 8,808 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NewJersey Resources by 10.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider's stock valued at $15,705,000 after purchasing an additional 29,458 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of NewJersey Resources in the first quarter valued at approximately $8,907,000. 70.98% of the stock is currently owned by hedge funds and other institutional investors.

NewJersey 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.