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

New Jersey Resources (NYSE:NJR) updated its FY 2025 earnings guidance on Monday. The company provided earnings per share guidance of 3.050-3.200 for the period, compared to the consensus earnings per share estimate of 2.890. The company issued revenue guidance of -. New Jersey Resources also updated its FY25 guidance to $3.05-3.20 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NJR shares. StockNews.com lowered shares of New Jersey Resources from a “hold” rating to a “sell” rating in a research report on Tuesday. Mizuho raised their target price on New Jersey Resources from $45.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Wells Fargo & Company boosted their price target on New Jersey Resources from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Finally, JPMorgan Chase & Co. increased their price target 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, New Jersey Resources currently has a consensus rating of “Hold” and an average target price of $49.00.

New Jersey Resources Price Performance

NYSE NJR opened at $50.71 on Wednesday. New Jersey Resources has a 12 month low of $39.44 and a 12 month high of $51.80. The firm has a market capitalization of $5.03 billion, a PE ratio of 17.37 and a beta of 0.59. The company’s 50 day simple moving average is $47.04 and its 200 day simple moving average is $45.38. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.60 and a quick ratio of 0.41.

New Jersey Resources Announces Dividend

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

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.