Analysts Anticipate NiSource Inc. (NI) Will Announce Earnings of $0.32 Per Share

Analysts forecast that NiSource Inc. (NYSE:NI) will post $0.32 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for NiSource’s earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.34. NiSource posted earnings per share of $0.33 during the same quarter last year, which indicates a negative year over year growth rate of 3%. The firm is expected to report its next earnings results on Wednesday, February 28th.

According to Zacks, analysts expect that NiSource will report full-year earnings of $1.19 per share for the current year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts forecast that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.30. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow NiSource.

NiSource (NYSE:NI) last announced its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.07. The business had revenue of $917.00 million for the quarter, compared to analysts’ expectations of $901.00 million. NiSource had a net margin of 5.61% and a return on equity of 8.97%. During the same period last year, the firm posted $0.06 earnings per share.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. cut their target price on shares of NiSource from $28.00 to $25.00 and set a “neutral” rating on the stock in a research report on Thursday. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Monday, January 22nd. Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Wednesday, January 10th. Edward Jones upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Jefferies Group restated a “hold” rating and issued a $26.00 target price on shares of NiSource in a research report on Wednesday, December 20th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $27.14.

Shares of NiSource (NYSE NI) opened at $24.50 on Friday. NiSource has a 52-week low of $21.65 and a 52-week high of $27.76. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.52 and a quick ratio of 0.32. The firm has a market cap of $8,280.00, a P/E ratio of 29.52, a price-to-earnings-growth ratio of 2.89 and a beta of 0.43.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th will be issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.18%. This is a positive change from NiSource’s previous quarterly dividend of $0.18. NiSource’s payout ratio is 84.34%.

Several large investors have recently modified their holdings of the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new position in shares of NiSource during the fourth quarter worth $1,892,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of NiSource by 66.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 53,208 shares of the utilities provider’s stock worth $1,366,000 after purchasing an additional 21,269 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of NiSource during the fourth quarter worth $3,726,000. Duff & Phelps Investment Management Co. lifted its holdings in shares of NiSource by 16.0% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,456,600 shares of the utilities provider’s stock worth $63,061,000 after purchasing an additional 338,525 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of NiSource by 319.6% during the fourth quarter. SG Americas Securities LLC now owns 824,109 shares of the utilities provider’s stock worth $21,155,000 after purchasing an additional 627,686 shares during the period. Institutional investors own 82.21% of the company’s stock.

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NiSource Company Profile

NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.

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Earnings History and Estimates for NiSource (NYSE:NI)

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