New Jersey Resources (NYSE:NJR) Announces Quarterly Earnings Results, Beats Expectations By $0.15 EPS

New Jersey Resources (NYSE:NJR) announced its quarterly earnings data on Monday. The utilities provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.15, RTT News reports. New Jersey Resources had a return on equity of 13.54% and a net margin of 16.13%. During the same period in the prior year, the company posted $0.74 earnings per share. New Jersey Resources updated its FY 2025 guidance to 3.050-3.200 EPS.

New Jersey Resources Stock Performance

NJR opened at $46.47 on Wednesday. The firm has a market capitalization of $4.64 billion, a P/E ratio of 15.91 and a beta of 0.63. The stock’s 50 day moving average price is $47.60 and its two-hundred day moving average price is $46.88. 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 has a 12-month low of $39.44 and a 12-month high of $51.94.

New Jersey Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date is Tuesday, March 11th. New Jersey Resources’s payout ratio is 61.64%.

Insider Buying and Selling at New Jersey Resources

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $46.00, for a total value of $229,218.00. Following the sale, the chief operating officer now owns 37,124 shares of the company’s stock, valued at $1,707,704. This trade represents a 11.83 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NJR. StockNews.com raised New Jersey Resources from a “sell” rating to a “hold” rating in a research note on Tuesday. Guggenheim raised their price target on New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Wells Fargo & Company raised their price target on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. cut their price target on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating for the company in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

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.