New Jersey Resources Corp. (NJR) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
New Jersey Resources Corp. (NYSE:NJR) issued its quarterly earnings data on Thursday. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.01, Analyst RN reports. The company had revenue of $878.41 million for the quarter, compared to the consensus estimate of $769.77 million.
New Jersey Resources Corp. (NYSE:NJR) opened at 44.18 on Thursday. New Jersey Resources Corp. has a 1-year low of $39.97 and a 1-year high of $47.60. The stock’s 50-day moving average is $45.53 and its 200-day moving average is $44.73. The company has a market cap of $1.857 billion and a price-to-earnings ratio of 16.13.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 1st. Shareholders of record on Friday, March 14th will be given a dividend of 0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, March 12th.
On a related note, analysts at Zacks downgraded shares of New Jersey Resources Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 4th. They now have a $50.50 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.17.
New Jersey Resources Corporation (NYSE:NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and Canada.
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