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

New Jersey Resources (NYSE:NJR) updated its FY25 earnings guidance on Monday. 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.

Analyst Ratings Changes

Several research firms have recently issued reports on NJR. Wells Fargo & Company lifted their target price on shares of New Jersey Resources from $47.00 to $51.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. StockNews.com raised New Jersey Resources from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Mizuho lifted their target price on New Jersey Resources from $45.00 to $47.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. lifted their target price on New Jersey Resources from $48.00 to $49.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $49.00.

New Jersey Resources Stock Performance

Shares of New Jersey Resources stock opened at $51.50 on Tuesday. 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 business’s fifty day simple moving average is $46.99 and its 200-day simple moving average is $45.34. New Jersey Resources has a 52 week low of $39.44 and a 52 week high of $51.80. The firm has a market cap of $5.11 billion, a PE ratio of 21.55 and a beta of 0.59.

New Jersey Resources Announces Dividend

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 issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Wednesday, December 11th. New Jersey Resources’s payout ratio is currently 75.31%.

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.