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

New Jersey Resources (NYSE:NJR) issued an update on its FY 2025 earnings guidance on Monday morning. 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.

New Jersey Resources Stock Performance

NJR opened at $50.71 on Wednesday. The company has a quick ratio of 0.41, a current ratio of 0.60 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.03 billion, a PE ratio of 17.37 and a beta of 0.59. The business has a fifty day simple moving average of $47.04 and a 200-day simple moving average of $45.38. New Jersey Resources has a fifty-two week low of $39.44 and a fifty-two week high of $51.80.

New Jersey Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a $0.45 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.55%. New Jersey Resources’s dividend payout ratio (DPR) is 61.64%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NJR shares. Mizuho upped their price objective on shares of New Jersey Resources from $45.00 to $47.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. JPMorgan Chase & Co. upped their price target on shares of New Jersey Resources from $48.00 to $49.00 and gave the company a “neutral” rating in a research report on Thursday, August 15th. StockNews.com cut shares of New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their target price on New Jersey Resources from $47.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $49.00.

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.