Wall Street analysts expect NiSource Inc. (NYSE:NI) to announce earnings of $0.32 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NiSource’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.30. NiSource reported earnings per share of $0.33 during the same quarter last year, which suggests a negative year over year growth rate of 3%. The company is scheduled to report its next earnings report before the market opens on Tuesday, February 20th.
On average, analysts expect that NiSource will report full year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.30. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow NiSource.
Several research firms recently issued reports on NI. Zacks Investment Research cut shares of NiSource from a “buy” rating to a “hold” rating in a research report on Thursday, January 18th. Credit Suisse Group raised their price objective on shares of NiSource from $29.00 to $30.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. JPMorgan Chase & Co. cut their price objective on shares of NiSource from $28.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, January 25th. Edward Jones upgraded shares of NiSource from a “hold” rating to a “buy” rating in a research report on Tuesday, January 9th. Finally, Goldman Sachs Group upgraded shares of NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.14.
Shares of NiSource (NI) opened at $23.13 on Wednesday. NiSource has a 12-month low of $21.93 and a 12-month high of $27.76. The stock has a market cap of $7,783.30, a PE ratio of 28.21, a P/E/G ratio of 2.74 and a beta of 0.24. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Friday, February 9th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, February 8th. This is a boost from NiSource’s previous quarterly dividend of $0.18. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.37%. NiSource’s dividend payout ratio (DPR) is currently 95.12%.
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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