NewJersey Resources (NYSE:NJR) Issues FY 2026 Earnings Guidance

Key Points

• FY2026 guidance: NewJersey Resources set EPS guidance of 3.480–3.630, above the consensus estimate of 3.370.
• The company beat the prior-quarter estimates with $2.20 EPS vs. $1.89 expected and revenue of $939.4M vs. $849.95M expected, and announced a quarterly dividend of $0.475 (annualized $1.90, yield ~3.4%).
• Analyst sentiment is largely positive with an average rating of Buy and an average price target of $54.50, highlighted by recent upgrades including Mizuho raising its target to $61 and Argus issuing a "strong-buy".

NewJersey Resources (NYSE:NJR - Get Free Report) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share guidance of 3.480-3.630 for the period, compared to the consensus earnings per share estimate of 3.370. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NJR. Williams Trading set a $55.00 price objective on NewJersey Resources in a report on Tuesday, February 3rd. Mizuho boosted their target price on NewJersey Resources from $54.00 to $61.00 and gave the company an "outperform" rating in a research note on Tuesday, April 21st. Argus raised NewJersey Resources to a "strong-buy" rating in a research note on Thursday, January 22nd. Raymond James Financial reaffirmed an "outperform" rating on shares of NewJersey Resources in a report on Tuesday, February 3rd. Finally, Wall Street Zen raised NewJersey Resources from a "sell" rating to a "hold" rating in a report on Saturday, February 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $54.50.

NewJersey Resources Price Performance

Shares of NYSE:NJR traded up $0.13 during trading on Monday, hitting $56.13. 567,582 shares of the company's stock were exchanged, compared to its average volume of 547,040. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.83 and a quick ratio of 0.58. NewJersey Resources has a 52-week low of $43.46 and a 52-week high of $57.70. The business's 50-day simple moving average is $55.01 and its 200 day simple moving average is $50.14. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 17.38 and a beta of 0.51.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The utilities provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.89 by $0.31. The business had revenue of $939.40 million during the quarter, compared to analysts' expectations of $849.95 million. NewJersey Resources had a return on equity of 13.06% and a net margin of 15.18%.NewJersey Resources has set its FY 2026 guidance at 3.480-3.630 EPS. As a group, equities analysts predict that NewJersey Resources will post 3.39 EPS for the current year.

NewJersey Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Wednesday, June 10th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Wednesday, June 10th. NewJersey Resources's dividend payout ratio (DPR) is presently 58.82%.

Insider Buying and Selling

In other NewJersey Resources news, CFO Roberto Bel sold 6,105 shares of NewJersey Resources stock in a transaction on Monday, March 16th. The stock was sold at an average price of $55.10, for a total transaction of $336,385.50. Following the completion of the sale, the chief financial officer directly owned 19,780 shares of the company's stock, valued at $1,089,878. The trade was a 23.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Richard Reich sold 5,449 shares of NewJersey Resources stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $52.99, for a total value of $288,742.51. Following the sale, the senior vice president directly owned 26,975 shares of the company's stock, valued at approximately $1,429,405.25. This trade represents a 16.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NewJersey Resources

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new position in NewJersey Resources during the 3rd quarter worth $28,000. Smartleaf Asset Management LLC grew its stake in NewJersey Resources by 118.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider's stock worth $43,000 after buying an additional 505 shares during the last quarter. Parallel Advisors LLC grew its stake in NewJersey Resources by 56.9% during the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider's stock worth $48,000 after buying an additional 363 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in NewJersey Resources by 259.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider's stock valued at $54,000 after purchasing an additional 868 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in NewJersey Resources during the 2nd quarter valued at about $54,000. 70.98% of the stock is owned by institutional investors.

About NewJersey Resources

New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm's primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.

The company's principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.

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