New Jersey Resources (NYSE:NJR - Get Free Report) will release its earnings data before the market opens on Tuesday, May 7th. Analysts expect New Jersey Resources to post earnings of $1.32 per share for the quarter. New Jersey Resources has set its FY 2024 guidance at 2.850-3.000 EPS and its FY24 guidance at $2.85-3.00 EPS.Investors interested in registering for the company's conference call can do so using this link.
New Jersey Resources (NYSE:NJR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The utilities provider reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.15). New Jersey Resources had a net margin of 13.96% and a return on equity of 11.13%. The firm had revenue of $467.20 million for the quarter, compared to analyst estimates of $812.66 million. During the same quarter in the previous year, the company earned $1.14 EPS. The company's quarterly revenue was down 35.4% compared to the same quarter last year. 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 Performance
Shares of NYSE NJR traded up $0.21 during trading on Tuesday, reaching $43.69. The stock had a trading volume of 770,278 shares, compared to its average volume of 508,985. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.47 and a current ratio of 0.70. The stock has a market cap of $4.29 billion, a PE ratio of 17.91 and a beta of 0.64. New Jersey Resources has a one year low of $38.92 and a one year high of $52.93. The firm's 50 day moving average price is $42.36 and its two-hundred day moving average price is $42.57.
New Jersey Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Wednesday, June 12th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.68 annualized dividend and a yield of 3.85%. New Jersey Resources's payout ratio is 68.85%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on NJR shares. Mizuho lowered their price objective on shares of New Jersey Resources from $47.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, February 5th. StockNews.com raised New Jersey Resources from a "sell" rating to a "hold" rating in a report on Wednesday, February 7th.
View Our Latest Analysis on NJR
About New Jersey Resources
(
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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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