New Jersey Resources (NYSE:NJR) Updates FY 2025 Earnings Guidance

New Jersey Resources (NYSE:NJR) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 3.050-3.200 for the period, compared to the consensus estimate of 3.100. The company issued revenue guidance of -.

New Jersey Resources Stock Performance

NJR stock opened at $48.17 on Tuesday. The business has a 50 day moving average of $47.66 and a 200-day moving average of $46.86. New Jersey Resources has a 12-month low of $39.44 and a 12-month high of $51.94. The firm has a market cap of $4.81 billion, a PE ratio of 16.49 and a beta of 0.63. The company has a quick ratio of 0.36, a current ratio of 0.62 and a debt-to-equity ratio of 1.31.

New Jersey Resources (NYSE:NJR) last announced its quarterly earnings data on Monday, February 3rd. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.15. New Jersey Resources had a return on equity of 13.54% and a net margin of 16.13%. During the same quarter in the previous year, the business earned $0.74 earnings per share. As a group, sell-side analysts expect that New Jersey Resources will post 3.1 earnings per share for the current year.

New Jersey Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date is Tuesday, March 11th. New Jersey Resources’s dividend payout ratio is currently 61.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of New Jersey Resources from $51.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. dropped their price objective on shares of New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. Guggenheim raised their price objective on shares of New Jersey Resources from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Finally, StockNews.com lowered New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, New Jersey Resources currently has a consensus rating of “Hold” and a consensus price target of $50.50.

Insider Buying and Selling

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $46.00, for a total transaction of $229,218.00. Following the transaction, the chief operating officer now owns 37,124 shares in the company, valued at approximately $1,707,704. This represents a 11.83 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

About New Jersey Resources

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.