NYSE:NJR - Get Free Report ) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.850-3.000 for the period, compared to the consensus EPS estimate of 2.930. The company issued revenue guidance of -.
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Wall Street Analyst Weigh In Several research firms recently commented on NJR. Mizuho cut their price target on New Jersey Resources from $47.00 to $45.00 and set a neutral rating on the stock in a research note on Monday, February 5th. StockNews.com raised shares of New Jersey Resources from a sell rating to a hold rating in a research report on Wednesday, February 7th.
Get Our Latest Stock Analysis on NJR
New Jersey Resources Stock Performance Shares of NJR traded down $0.65 during mid-day trading on Wednesday, hitting $44.20. The stock had a trading volume of 519,547 shares, compared to its average volume of 508,981. The company has a quick ratio of 0.47, a current ratio of 0.70 and a debt-to-equity ratio of 1.33. The company has a market cap of $4.35 billion, a PE ratio of 18.11 and a beta of 0.62. New Jersey Resources has a fifty-two week low of $38.92 and a fifty-two week high of $50.72. The company's fifty day simple moving average is $42.72 and its two-hundred day simple moving average is $42.65.
New Jersey Resources (NYSE:NJR - Get Free Report ) last issued its earnings results on Tuesday, February 6th. The utilities provider reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.15). New Jersey Resources had a return on equity of 11.13% and a net margin of 13.96%. The business had revenue of $467.20 million for the quarter, compared to analyst estimates of $812.66 million. During the same period last year, the company posted $1.14 earnings per share. The firm's revenue for the quarter was down 35.4% on a year-over-year basis. On average, equities analysts expect that New Jersey Resources will post 2.94 earnings per share for the current year.
New Jersey Resources Dividend Announcement The business 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 $0.42 dividend. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. New Jersey Resources's payout ratio is currently 68.85%.
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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