NewJersey Resources Corporation (NYSE:NJR) will be issuing its quarterly earnings data before the market opens on Tuesday, November 21st. Analysts expect the company to announce earnings of ($0.13) per share for the quarter.

Shares of NewJersey Resources Corporation (NYSE NJR) opened at $44.75 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.55 and a current ratio of 0.82. NewJersey Resources Corporation has a 52-week low of $32.38 and a 52-week high of $45.45. The company has a market cap of $3,850.00, a PE ratio of 24.46, a price-to-earnings-growth ratio of 4.01 and a beta of 0.45.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a $0.2725 dividend. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.44%. This is a boost from NewJersey Resources Corporation’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 14th. NewJersey Resources Corporation’s dividend payout ratio is presently 48.88%.

A number of brokerages have recently issued reports on NJR. Zacks Investment Research raised shares of NewJersey Resources Corporation from a “sell” rating to a “hold” rating in a report on Saturday. Argus upped their target price on shares of NewJersey Resources Corporation from $46.00 to $49.00 and gave the company a “buy” rating in a report on Monday, August 28th. BidaskClub raised shares of NewJersey Resources Corporation from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Bank of America Corporation upped their target price on shares of NewJersey Resources Corporation from $35.00 to $38.00 and gave the company an “underperform” rating in a report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $42.00.

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NewJersey Resources Corporation Company Profile

New Jersey Resources Corporation is an energy services holding company. The Company’s business is the distribution of natural gas through a regulated utility, which provides other retail and wholesale energy services to customers and investing in clean energy projects and midstream assets. It operates in four business segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services and Midstream.

Earnings History for NewJersey Resources Corporation (NYSE:NJR)

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