New Jersey Resources (NYSE:NJR) Posts Earnings Results, Beats Estimates By $0.15 EPS

New Jersey Resources (NYSE:NJR) announced its quarterly earnings results on Monday. The utilities provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.14 by $0.15, RTT News reports. New Jersey Resources had a return on equity of 13.54% and a net margin of 16.13%. During the same quarter last year, the business posted $0.74 EPS. New Jersey Resources updated its FY 2025 guidance to 3.050-3.200 EPS.

New Jersey Resources Stock Performance

NYSE:NJR traded up $0.22 during mid-day trading on Monday, hitting $48.17. The stock had a trading volume of 511,033 shares, compared to its average volume of 548,325. The company has a current ratio of 0.62, a quick ratio of 0.36 and a debt-to-equity ratio of 1.31. New Jersey Resources has a 52 week low of $39.44 and a 52 week high of $51.94. The company has a 50 day simple moving average of $47.66 and a 200-day simple moving average of $46.86. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 16.49 and a beta of 0.63.

New Jersey Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.80 dividend on an annualized basis and a yield of 3.74%. New Jersey Resources’s dividend payout ratio is currently 61.64%.

Analysts Set New Price Targets

NJR has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of New Jersey Resources from $51.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 27th. StockNews.com cut shares of New Jersey Resources from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Guggenheim boosted their price objective on New Jersey Resources from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. dropped their price objective on New Jersey Resources from $54.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, January 28th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $50.50.

Insider Buying and Selling

In other New Jersey Resources news, COO Patrick J. Migliaccio sold 4,983 shares of the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $46.00, for a total transaction of $229,218.00. Following the completion of the sale, the chief operating officer now directly owns 37,124 shares of the company’s stock, valued at approximately $1,707,704. This represents a 11.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

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.