New Jersey Resources (NYSE:NJR) Updates FY25 Earnings Guidance

New Jersey Resources (NYSE:NJR) issued an update on its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $3.05-3.20 for the period, compared to the consensus earnings per share estimate of $2.89. New Jersey Resources also updated its FY 2025 guidance to 3.050-3.200 EPS.

New Jersey Resources Price Performance

NYSE:NJR opened at $51.61 on Thursday. The firm has a market capitalization of $5.12 billion, a price-to-earnings ratio of 17.67 and a beta of 0.59. The company has a quick ratio of 0.41, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. New Jersey Resources has a 12-month low of $39.44 and a 12-month high of $51.94. The stock’s 50 day moving average price is $47.12 and its two-hundred day moving average price is $45.42.

New Jersey Resources Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.49%. New Jersey Resources’s dividend payout ratio (DPR) is currently 61.64%.

Analyst Upgrades and Downgrades

NJR has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. Mizuho increased their target price on New Jersey Resources from $45.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. Guggenheim increased their price target on New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday. Wells Fargo & Company increased their price target on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, StockNews.com downgraded New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, New Jersey Resources presently has a consensus rating of “Hold” and an average target price of $49.75.

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.