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

NewJersey Resources (NYSE:NJR) updated its FY 2026 earnings guidance on Monday. The company provided EPS guidance of 3.520-3.620 for the period, compared to the consensus earnings per share estimate of 3.500. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of NewJersey Resources in a research report on Tuesday, May 12th. They set an “overweight” rating and a $63.00 price target on the stock. Weiss Ratings raised NewJersey Resources from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 27th. Argus set a $63.00 price target on NewJersey Resources in a report on Wednesday, May 20th. Finally, Mizuho boosted their price objective on NewJersey Resources from $54.00 to $61.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating and three have given a Buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $58.17.

NewJersey Resources Stock Performance

Shares of NJR stock opened at $58.15 on Tuesday. The firm’s 50 day moving average is $56.82 and its 200 day moving average is $54.99. The stock has a market capitalization of $5.87 billion, a P/E ratio of 17.26 and a beta of 0.50. NewJersey Resources has a 12 month low of $43.46 and a 12 month high of $60.86. The company has a current ratio of 0.94, a quick ratio of 0.80 and a debt-to-equity ratio of 1.24.

NewJersey Resources (NYSE:NJR) last posted its earnings results on Monday, August 3rd. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. NewJersey Resources had a return on equity of 14.58% and a net margin of 15.67%.The firm had revenue of $349.18 million for the quarter, compared to the consensus estimate of $342.13 million. During the same quarter in the prior year, the business posted ($0.15) earnings per share. The business’s quarterly revenue was up 16.8% on a year-over-year basis. NewJersey Resources has set its FY 2026 guidance at 3.520-3.620 EPS. On average, sell-side analysts anticipate that NewJersey Resources will post 3.58 earnings per share for the current year.

Insider Buying and Selling

In other NewJersey Resources news, COO Patrick J. Migliaccio sold 3,000 shares of NewJersey Resources stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $55.84, for a total transaction of $167,520.00. Following the completion of the transaction, the chief operating officer owned 35,202 shares of the company’s stock, valued at $1,965,679.68. The trade was a 7.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jane M. Kenny sold 8,000 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $56.10, for a total value of $448,800.00. Following the sale, the director owned 21,998 shares in the company, valued at approximately $1,234,087.80. This represents a 26.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 12,150 shares of company stock valued at $682,261. Corporate insiders own 0.70% of the company’s stock.

Key NewJersey Resources News

Here are the key news stories impacting NewJersey Resources this week:

• Positive Sentiment: Quarterly earnings beat estimates: Fiscal Q3 adjusted net financial earnings were $0.11 per share, compared with the $0.06 consensus estimate. GAAP net income was $9.7 million, or $0.10 per share, versus a $15.1 million loss, or $0.15 per share, in the prior-year quarter. New Jersey Resources Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Revenue and year-to-date results improved: Quarterly operating revenue rose 16.8% year over year to $349.2 million. Through the first nine months of fiscal 2026, net income increased to $351.1 million, or $3.48 per share, from $320.6 million, or $3.20 per share. New Jersey Resources Reports Fiscal 2026 Third-Quarter Results
• Positive Sentiment: Full-year guidance remains above consensus: NJR tightened fiscal 2026 net financial earnings guidance to $3.52-$3.62 per share, compared with the $3.50 analyst consensus. The company also reported $577.8 million in year-to-date operating cash flow, supporting ongoing investment in its businesses. New Jersey Resources Tightens Fiscal 2026 Earnings Guidance
• Neutral Sentiment: Expansion continues: New Jersey Natural Gas served approximately 595,000 customers, while Clean Energy Ventures had about 537 megawatts of commercial solar capacity in service. Capital expenditures reached $553.0 million during the first nine months, indicating continued growth investment but also substantial spending.
• Negative Sentiment: Insider selling could temper enthusiasm: Recent filings cited six open-market insider sales over the past six months and no purchases. The reported transactions are not necessarily related to the earnings release, but they may be viewed cautiously by investors. New Jersey Resources Posts Fiscal Third Quarter Profit

Hedge Funds Weigh In On NewJersey Resources

Several hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of NewJersey Resources in the third quarter worth $28,000. Smartleaf Asset Management LLC increased its stake in NewJersey Resources by 118.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 933 shares of the utilities provider’s stock worth $43,000 after acquiring an additional 505 shares during the last quarter. Parallel Advisors LLC raised 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 valued at $48,000 after acquiring an additional 363 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of NewJersey Resources by 259.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,203 shares of the utilities provider’s stock worth $54,000 after purchasing an additional 868 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of NewJersey Resources in the 2nd quarter worth $54,000. 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.