NiSource (NYSE:NI) Releases FY25 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.84-1.88 for the period, compared to the consensus EPS estimate of $1.85. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

NiSource Price Performance

NI traded down $0.67 during midday trading on Friday, hitting $34.49. 3,137,095 shares of the company traded hands, compared to its average volume of 4,035,585. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.92 and a beta of 0.51. The business has a 50 day simple moving average of $34.14 and a two-hundred day simple moving average of $31.03. The company has a current ratio of 0.46, a quick ratio of 0.63 and a debt-to-equity ratio of 1.17. NiSource has a 52-week low of $24.58 and a 52-week high of $35.48.

NiSource (NYSE:NI) last issued its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. NiSource had a net margin of 14.63% and a return on equity of 8.27%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $986.00 million. During the same period last year, the company posted $0.19 EPS. NiSource’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, equities analysts forecast that NiSource will post 1.73 earnings per share for the current fiscal year.

NiSource Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Thursday, October 31st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource’s dividend payout ratio is currently 64.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NI. Evercore ISI upped their target price on shares of NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Barclays upped their price objective on shares of NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Mizuho raised their target price on shares of NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. Bank of America started coverage on NiSource in a research report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on NiSource from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.