New Jersey Resources Co. (NJR) Issues FY13 Earnings Guidance
New Jersey Resources Co. (NJR) updated its FY13 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.55-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.48.
Several analysts have also recently commented on the stock. Analysts at Brean Murray cut their price target on shares of New Jersey Resources from $49.00 to $47.00 in a research note to investors on Friday, November 30th. They now have a buy rating on the stock. Analysts at TheStreet downgraded shares of New Jersey Resources to a hold rating in a research note to investors on Monday, November 19th.
New Jersey Resources Co. (NJR) traded up 1.27% on Tuesday, hitting $41.61. New Jersey Resources Co. (NJR) has a 1-year low of $38.51 and a 1-year high of $49.66. The stock’s 50-day moving average is currently $40.25. The company has a market cap of $1.735 billion and a price-to-earnings ratio of 18.43.
New Jersey Resources last announced its earnings results on Thursday, November 29th. The company reported ($0.27) earnings per share (EPS) for the quarter. The company had revenue of $451.36 million for the quarter. During the same quarter in 2012, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 15.3% on a year-over-year basis. Analysts expect that New Jersey Resources Co. (NJR) will post $2.40 EPS for the current fiscal year.
New Jersey Resources Corporation (NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and 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.