NiSource (NI) Scheduled to Post Quarterly Earnings on Wednesday

NiSource (NYSE:NI - Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect NiSource to post earnings of $0.79 per share for the quarter. NiSource has set its FY 2024 guidance at 1.700-1.740 EPS and its FY24 guidance at $1.70-$1.74 EPS.Investors interested in registering for the company's conference call can do so using this link.

NiSource (NYSE:NI - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The utilities provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.02). NiSource had a net margin of 12.98% and a return on equity of 10.10%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period last year, the business earned $0.50 earnings per share. On average, analysts expect NiSource to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NiSource Stock Up 0.9 %

Shares of NI stock traded up $0.24 during trading hours on Wednesday, reaching $28.10. The company had a trading volume of 3,674,257 shares, compared to its average volume of 4,231,068. The company has a market capitalization of $12.59 billion, a P/E ratio of 19.12, a price-to-earnings-growth ratio of 2.72 and a beta of 0.49. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.76 and a current ratio of 0.85. NiSource has a twelve month low of $22.86 and a twelve month high of $28.95. The stock's fifty day simple moving average is $27.04 and its 200 day simple moving average is $26.33.

NiSource Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Monday, April 29th. NiSource's payout ratio is 72.11%.

Insider Activity at NiSource

In other news, SVP Melanie B. Berman sold 11,141 shares of the business's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total transaction of $297,019.06. Following the completion of the transaction, the senior vice president now directly owns 23,720 shares in the company, valued at $632,375.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NI has been the topic of several analyst reports. Barclays lifted their price objective on NiSource from $28.00 to $29.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. StockNews.com raised shares of NiSource from a "sell" rating to a "hold" rating in a report on Saturday, February 24th.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.