NewJersey Resources Corporation (NJR) Scheduled to Post Quarterly Earnings on Tuesday
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.
COPYRIGHT VIOLATION WARNING: This news story was first published by Daily Political and is owned by of Daily Political. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.dailypolitical.com/2017/11/18/newjersey-resources-corporation-njr-scheduled-to-post-quarterly-earnings-on-tuesday.html.
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.
Receive News & Ratings for NewJersey Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NewJersey Resources Corporation and related companies with MarketBeat.com's FREE daily email newsletter.