Share on StockTwits

New Jersey Resources Corp (NYSE:NJR) will issue its quarterly earnings data on Thursday, July 31st. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

New Jersey Resources Corp (NYSE:NJR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $3.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.72 by $0.89. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $1.64 earnings per share. The company’s quarterly revenue was up 64.4% on a year-over-year basis. On average, analysts expect New Jersey Resources Corp to post $4.14 EPS for the current fiscal year and $3.03 EPS for the next fiscal year.

Shares of New Jersey Resources Corp (NYSE:NJR) traded down 0.15% during mid-day trading on Wednesday, hitting $53.35. 15,017 shares of the company’s stock traded hands. New Jersey Resources Corp has a 52-week low of $41.44 and a 52-week high of $57.79. The stock’s 50-day moving average is $55.68 and its 200-day moving average is $50.15. The company has a market cap of $2.248 billion and a price-to-earnings ratio of 11.82.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Thursday, September 11th.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of New Jersey Resources Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 8th. They now have a $60.50 price target on the stock. On the ratings front, analysts at Hilliard Lyons downgraded shares of New Jersey Resources Corp from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. Finally, analysts at Brean Capital downgraded shares of New Jersey Resources Corp from a “buy” rating to a “hold” rating in a research note on Thursday, May 29th. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. New Jersey Resources Corp presently has a consensus rating of “Hold” and an average price target of $53.83.

New Jersey Resources Corporation (NYSE:NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast, Mid-Continent, Appalachian, Northeastern, and Western market areas of the United States, as well as Canada.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.