NiSource Inc. (NYSE:NI) Expected to Post Earnings of $0.05 Per Share

Analysts expect NiSource Inc. (NYSE:NI) to report earnings per share of $0.05 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for NiSource’s earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.03. NiSource reported earnings of $0.07 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 28.6%. The firm is scheduled to issue its next earnings results on Wednesday, August 7th.

On average, analysts expect that NiSource will report full-year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.31. For the next fiscal year, analysts forecast that the company will post earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.43. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for NiSource.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.77 by $0.05. NiSource had a positive return on equity of 10.76% and a negative net margin of 2.06%. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter last year, the company posted $0.77 earnings per share.

Several equities research analysts have recently issued reports on NI shares. Zacks Investment Research upgraded shares of NiSource from a “sell” rating to a “hold” rating in a research note on Monday, May 20th. ValuEngine downgraded shares of NiSource from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. TheStreet upgraded shares of NiSource from a “c+” rating to a “b-” rating in a research note on Monday, May 13th. Bank of America downgraded shares of NiSource from a “buy” rating to a “neutral” rating and set a $27.37 price objective on the stock. in a research note on Monday, April 22nd. Finally, Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $29.00 in a research note on Monday, April 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $27.87.

Shares of NI stock opened at $29.33 on Friday. NiSource has a 12 month low of $24.19 and a 12 month high of $29.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.42 and a current ratio of 0.48. The company’s 50 day moving average is $28.41. The firm has a market capitalization of $10.98 billion, a P/E ratio of 22.56, a PEG ratio of 3.82 and a beta of 0.25.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Wednesday, July 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.73%. NiSource’s dividend payout ratio is currently 61.54%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in shares of NiSource during the fourth quarter valued at $35,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of NiSource by 2,401.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 921,473 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 884,635 shares during the period. Lindbrook Capital LLC bought a new position in shares of NiSource during the fourth quarter valued at $38,000. Harvest Group Wealth Management LLC bought a new position in shares of NiSource during the first quarter valued at $52,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of NiSource by 40.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 2,286 shares of the utilities provider’s stock valued at $58,000 after acquiring an additional 654 shares during the period. Hedge funds and other institutional investors own 93.92% of the company’s stock.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Earnings History and Estimates for NiSource (NYSE:NI)

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