NewJersey Resources (NYSE:NJR) Releases FY 2026 Earnings Guidance
by Scott Moore · The Cerbat GemNewJersey Resources (NYSE:NJR – Get Free Report) issued an update on its FY 2026 earnings guidance on Monday morning. The company provided EPS guidance of 3.280-3.43 for the period, compared to the consensus EPS estimate of 3.130. The company issued revenue guidance of -.
Analyst Ratings Changes
NJR has been the topic of a number of recent analyst reports. Argus upgraded NewJersey Resources to a “strong-buy” rating in a report on Thursday, January 22nd. New Street Research set a $54.00 price target on NewJersey Resources in a research note on Wednesday, December 17th. Wall Street Zen downgraded NewJersey Resources from a “hold” rating to a “sell” rating in a research report on Sunday, December 28th. Raymond James Financial restated an “outperform” rating and issued a $53.00 price objective on shares of NewJersey Resources in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NewJersey Resources in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $52.86.
Check Out Our Latest Research Report on NewJersey Resources
NewJersey Resources Trading Up 1.1%
NewJersey Resources stock traded up $0.54 during midday trading on Monday, reaching $50.02. 709,984 shares of the stock traded hands, compared to its average volume of 520,527. The firm has a market cap of $5.04 billion, a PE ratio of 15.02 and a beta of 0.60. The company has a current ratio of 0.73, a quick ratio of 0.40 and a debt-to-equity ratio of 1.36. The company has a 50-day simple moving average of $46.91 and a two-hundred day simple moving average of $46.64. NewJersey Resources has a 12-month low of $43.46 and a 12-month high of $50.76.
NewJersey Resources (NYSE:NJR – Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The utilities provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.19. NewJersey Resources had a return on equity of 13.73% and a net margin of 16.48%.The business had revenue of $604.85 million for the quarter, compared to analysts’ expectations of $546.90 million. NewJersey Resources has set its FY 2026 guidance at 3.280-3.43 EPS. Research analysts expect that NewJersey Resources will post 3.15 earnings per share for the current fiscal year.
NewJersey Resources Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 11th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Wednesday, March 11th. NewJersey Resources’s dividend payout ratio is 57.06%.
Insider Activity
In other news, COO Patrick J. Migliaccio sold 4,017 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $46.46, for a total value of $186,629.82. Following the completion of the sale, the chief operating officer directly owned 38,065 shares of the company’s stock, valued at approximately $1,768,499.90. The trade was a 9.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.70% of the company’s stock.
Institutional Investors Weigh In On NewJersey Resources
Large investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC purchased a new position in NewJersey Resources in the third quarter valued at about $28,000. Parallel Advisors LLC grew its holdings in shares of NewJersey Resources by 56.9% in the 3rd quarter. Parallel Advisors LLC now owns 1,001 shares of the utilities provider’s stock worth $48,000 after acquiring an additional 363 shares during the period. EverSource Wealth Advisors LLC increased its stake in NewJersey Resources by 259.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 868 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in NewJersey Resources during the second quarter worth $54,000. Finally, CIBC Private Wealth Group LLC raised its holdings in NewJersey Resources by 164.9% during the third quarter. CIBC Private Wealth Group LLC now owns 1,682 shares of the utilities provider’s stock worth $81,000 after purchasing an additional 1,047 shares during the last quarter. Hedge funds and other institutional investors own 70.98% of the company’s stock.
About NewJersey Resources
New Jersey Resources Corporation is a publicly traded energy services holding company headquartered in Wall Township, New Jersey. The firm’s primary focus is on the safe and reliable distribution of natural gas, along with complementary energy services and renewable energy investments. Its operations center on delivering cost-effective solutions to residential, commercial and industrial customers throughout the state.
The company’s principal subsidiary, New Jersey Natural Gas, owns and operates an extensive pipeline network that spans northern, central and southern New Jersey.