New Jersey Resources Corporation (NJR)
- Previous Close
43.53 - Open
43.39 - Bid --
- Ask --
- Day's Range
43.26 - 43.73 - 52 Week Range
38.92 - 52.93 - Volume
355,140 - Avg. Volume
525,308 - Market Cap (intraday)
4.27B - Beta (5Y Monthly) 0.65
- PE Ratio (TTM)
17.88 - EPS (TTM)
2.43 - Earnings Date May 7, 2024
- Forward Dividend & Yield 1.68 (3.87%)
- Ex-Dividend Date Jun 12, 2024
- 1y Target Est
48.80
New Jersey Resources Corporation, an energy services holding company, distributes natural gas. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 576,000 customers in Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates clean energy projects, including commercial and residential solar installation situated in New Jersey, Rhode Island, New York, Connecticut, Michigan, and Indiana. The Energy Services segment maintains and operates natural gas transportation and storage capacity contracts, as well as provides physical wholesale energy, retail energy and energy management services in the United States and Canada. The Storage and Transportation segment invests in invests in energy-related ventures. It provides heating, ventilation, and cooling services; sales and installation of appliances; offers solar equipment installation, and plumbing repair and installation services; and holds commercial real estate properties. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.
www.njresources.com1,350
Full Time Employees
September 30
Fiscal Year Ends
Sector
Industry
Recent News: NJR
Performance Overview: NJR
Trailing total returns as of 4/23/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
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Statistics: NJR
Valuation Measures
Market Cap
4.27B
Enterprise Value
7.65B
Trailing P/E
17.88
Forward P/E
15.22
PEG Ratio (5yr expected)
2.10
Price/Sales (ttm)
2.49
Price/Book (mrq)
2.07
Enterprise Value/Revenue
4.48
Enterprise Value/EBITDA
13.80
Financial Highlights
Profitability and Income Statement
Profit Margin
13.96%
Return on Assets (ttm)
3.46%
Return on Equity (ttm)
11.94%
Revenue (ttm)
1.71B
Net Income Avi to Common (ttm)
238.21M
Diluted EPS (ttm)
2.43
Balance Sheet and Cash Flow
Total Cash (mrq)
--
Total Debt/Equity (mrq)
--
Levered Free Cash Flow (ttm)
145.98M
Research Analysis: NJR
Company Insights: NJR
Fair Value
Dividend Score
Hiring Score
Insider Sentiment Score
Research Reports: NJR
Weekly Stock List
Management's ability to "raise guidance" can often be a catalyst for market-beating returns in the quarters ahead. The fourth-quarter earnings season has crossed the 95% mark and is wrapping up, with blended earnings (actual results and the consensus for those still to report) showing a year-over-year gain of almost 10%, according to Refinitiv. That is considerably better than the 4%-7% advance expected at the start of the earnings period. Leading the outperformance were strong gains in Communication Services earnings, up 53%. On the flipside, Energy (like last quarter) is performing the worst, down 22%. Our analysts are always on the lookout for companies that boost their outlooks during earnings season. Here is an initial list of BUY-rated companies in Argus' Fundamental Universe of Coverage at which management raised guidance or increased its outlook during the 4Q23 EPS reporting season.
Analyst Report: New Jersey ReSrcs Corporatio
New Jersey Resources is an energy infrastructure company that provides retail and wholesale energy services to customers in New Jersey and other states, from the Gulf Coast to New England, as well as in Canada. Its principal subsidiary, New Jersey Natural Gas, is one of the fastest-growing local gas distribution companies in the U.S., serving approximately 510,000 customers in central and northern New Jersey. Other major subsidiaries include NJR Clean Energy Ventures, NJR Energy Services, NJR Storage & Transportation, and NJR Home Services & Other Operations. The company is located in Wall, NJ and has about 1,400 employees.
RatingPrice TargetMarket Update: EPD, KIM, NJR
U.S. stocks fell on the CPI report that showed hotter-than-expected inflation data. Headline CPI rose 0.3% in January, up from 0.2% in December and above the consensus estimate of a 0.2% increase. Core CPI rose 0.4%, up from last month's 0.3% increase. These latest readings bring the annual rate of headline CPI to 3.1% and core CPI to 3.4%, down from 3.4% and 3.9%, respectively. The S&P 500 fell 1.1%, the Dow 1.1% and the Nasdaq lost 1.3%. Crude oil traded near $78 per barrel and gold fell $26 to $2007 per ounce.
Analyst Report: New Jersey Resources Corporation
New Jersey Resources is an energy services holding company with regulated and nonregulated operations. Its regulated utility, New Jersey Natural Gas, delivers natural gas to more than 575,000 customers in the state. NJR's nonregulated businesses include solar investments primarily in New Jersey and investments in several large midstream natural gas projects.
RatingPrice Target