NewJersey Resources (NYSE:NJR) Updates FY 2026 Earnings Guidance

NewJersey Resources (NYSE:NJR - Get Free Report) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.030-3.180 for the period, compared to the consensus estimate of 3.120. The company issued revenue guidance of -.

NewJersey Resources Stock Down 0.7%

Shares of NJR stock traded down $0.30 on Wednesday, hitting $46.08. The company's stock had a trading volume of 954,944 shares, compared to its average volume of 613,035. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.76 and a quick ratio of 0.48. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 11.27 and a beta of 0.67. NewJersey Resources has a fifty-two week low of $43.46 and a fifty-two week high of $51.94. The firm's fifty day moving average price is $46.29 and its 200-day moving average price is $46.16.

NewJersey Resources (NYSE:NJR - Get Free Report) last released its earnings results on Wednesday, November 19th. The utilities provider reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.02). NewJersey Resources had a return on equity of 17.08% and a net margin of 19.64%. NewJersey Resources has set its FY 2026 guidance at 3.030-3.180 EPS. Research analysts anticipate that NewJersey Resources will post 3.15 EPS for the current year.

NewJersey Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.90 dividend on an annualized basis and a yield of 4.1%. NewJersey Resources's payout ratio is 46.45%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Wall Street Zen raised NewJersey Resources from a "sell" rating to a "hold" rating in a research report on Saturday, October 25th. Raymond James Financial restated an "outperform" rating and issued a $50.00 price objective (up previously from $49.00) on shares of NewJersey Resources in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of NewJersey Resources in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $51.43.

Read Our Latest Report on NewJersey Resources

Institutional Investors Weigh In On NewJersey Resources

Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in NewJersey Resources by 6.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 59,363 shares of the utilities provider's stock worth $2,912,000 after buying an additional 3,422 shares in the last quarter. NewEdge Advisors LLC increased its position in NewJersey Resources by 65.7% in the 1st quarter. NewEdge Advisors LLC now owns 22,214 shares of the utilities provider's stock valued at $1,090,000 after acquiring an additional 8,808 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of NewJersey Resources by 10.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 320,113 shares of the utilities provider's stock valued at $15,705,000 after buying an additional 29,458 shares during the last quarter. Jane Street Group LLC acquired a new stake in NewJersey Resources during the 1st quarter valued at approximately $8,907,000. Finally, Invesco Ltd. lifted its holdings in NewJersey Resources by 14.4% in the second quarter. Invesco Ltd. now owns 465,923 shares of the utilities provider's stock valued at $20,883,000 after buying an additional 58,795 shares during the period. Institutional investors own 70.98% of the company's stock.

NewJersey Resources Company Profile

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.

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