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

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on New Jersey Resources from $51.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Guggenheim upped their price objective on New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday. Mizuho upped their price objective on New Jersey Resources from $45.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. upped their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Finally, StockNews.com lowered New Jersey Resources from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.75.

New Jersey Resources Stock Performance

NJR opened at $51.61 on Thursday. New Jersey Resources has a 52-week low of $39.44 and a 52-week high of $51.94. The firm has a market capitalization of $5.12 billion, a PE ratio of 17.67 and a beta of 0.59. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.41 and a current ratio of 0.60. The business’s 50-day simple moving average is $47.12 and its 200 day simple moving average is $45.42.

New Jersey Resources Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be paid a $0.45 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.80 annualized dividend and a yield of 3.49%. New Jersey Resources’s dividend payout ratio is 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.