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

New Jersey Resources (NYSE:NJR) updated its FY 2025 earnings guidance on Monday. The company provided EPS guidance of 3.050-3.200 for the period, compared to the consensus EPS estimate of 2.890. The company issued revenue guidance of -. New Jersey Resources also updated its FY25 guidance to $3.05-3.20 EPS.

Wall Street Analyst Weigh In

NJR has been the topic of several recent analyst reports. StockNews.com upgraded New Jersey Resources from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Wells Fargo & Company boosted their price target on New Jersey Resources from $47.00 to $51.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Mizuho upped their target price on New Jersey Resources from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Finally, JPMorgan Chase & Co. upped their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Four analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.00.

New Jersey Resources Stock Up 0.9 %

Shares of New Jersey Resources stock opened at $51.50 on Tuesday. The business’s 50 day simple moving average is $46.99 and its 200 day simple moving average is $45.34. New Jersey Resources has a 52-week low of $39.44 and a 52-week high of $51.80. The firm has a market cap of $5.11 billion, a PE ratio of 21.55 and a beta of 0.59. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.60.

New Jersey Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 annualized dividend and a yield of 3.50%. New Jersey Resources’s dividend payout ratio (DPR) is presently 75.31%.

New Jersey Resources Company Profile

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.