EPS for New Jersey Resources Corporation (NJR) Expected At $0.59

January 14, 2018 - By Darrin Black

 EPS for New Jersey Resources Corporation (NJR) Expected At $0.59
Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.17, from 1.45 in 2017Q2. It turned negative, as 19 investors sold New Jersey Resources Corporation shares while 56 reduced holdings. 30 funds opened positions while 66 raised stakes. 54.44 million shares or 0.16% less from 54.53 million shares in 2017Q2 were reported.
Envestnet Asset Management owns 0% invested in New Jersey Resources Corporation (NYSE:NJR) for 2,116 shares. Whittier Trust Communications stated it has 148 shares or 0% of all its holdings. Vanguard Gp has invested 0.02% in New Jersey Resources Corporation (NYSE:NJR). State Street reported 0.02% in New Jersey Resources Corporation (NYSE:NJR). Riverhead Capital Management Ltd Liability Corporation invested in 5,607 shares. Proshare Advisors Ltd Liability Corporation accumulated 0.16% or 410,322 shares. Mutual Of America Mngmt Limited Liability reported 0.05% stake. Peak6 Investments Limited Partnership reported 0% of its portfolio in New Jersey Resources Corporation (NYSE:NJR). Oppenheimer Asset Mngmt Inc holds 208 shares. Royal State Bank Of Canada, a Ontario – Canada-based fund reported 65,078 shares. 36,882 are held by Bancorp Of Montreal Can. Jpmorgan Chase Company stated it has 0% in New Jersey Resources Corporation (NYSE:NJR). Commonwealth Equity Services Inc owns 17,658 shares. Prelude Cap accumulated 900 shares or 0% of the stock. Janney Montgomery Scott Ltd has invested 0.03% in New Jersey Resources Corporation (NYSE:NJR).

Analysts expect New Jersey Resources Corporation (NYSE:NJR) to report $0.59 EPS on February, 14.They anticipate $0.13 EPS change or 28.26 % from last quarter’s $0.46 EPS. NJR’s profit would be $51.28M giving it 16.72 P/E if the $0.59 EPS is correct. After having $-0.14 EPS previously, New Jersey Resources Corporation’s analysts see -521.43 % EPS growth. The stock decreased 0.25% or $0.1 during the last trading session, reaching $39.45. About 672,703 shares traded or 33.15% up from the average. New Jersey Resources Corporation (NYSE:NJR) has risen 17.31% since January 14, 2017 and is uptrending. It has outperformed by 0.61% the S&P500.

New Jersey Resources Corporation (NYSE:NJR) Ratings Coverage

Among 8 analysts covering New Jersey Resources Corp (NYSE:NJR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. New Jersey Resources Corp had 13 analyst reports since August 18, 2015 according to SRatingsIntel. Zacks downgraded New Jersey Resources Corporation (NYSE:NJR) on Friday, September 4 to “Hold” rating. Zacks upgraded it to “Buy” rating and $31 target in Monday, September 7 report. The rating was initiated by Wells Fargo on Wednesday, January 6 with “Market Perform”. The company was initiated on Wednesday, January 13 by Ladenburg Thalmann. Argus Research maintained the stock with “Buy” rating in Monday, January 4 report. The firm has “Underperform” rating by Bank of America given on Wednesday, August 23. As per Wednesday, November 22, the company rating was upgraded by Janney Capital. As per Thursday, March 31, the company rating was downgraded by Janney Capital. As per Monday, August 28, the company rating was maintained by Argus Research. The stock of New Jersey Resources Corporation (NYSE:NJR) earned “Hold” rating by BB&T Capital on Wednesday, March 30.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $3.43 billion. The firm operates through four divisions: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream divisions. It has a 25.95 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 529,800 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

More important recent New Jersey Resources Corporation (NYSE:NJR) news were published by: Fool.com which released: “NewJersey Resources Corporation (NJR) Q4 2017 Earnings Conference Call Transcript” on November 22, 2017, also Seekingalpha.com published article titled: “New Jersey Resources’ (NJR) CEO Laurence Downes on Q4 2017 Results – Earnings …”, Nasdaq.com published: “NewJersey Resources Corporation (NJR) Ex-Dividend Date Scheduled for December …” on December 13, 2017. More interesting news about New Jersey Resources Corporation (NYSE:NJR) was released by: Nasdaq.com and their article: “First Week of August 17th Options Trading For New Jersey Resources (NJR)” with publication date: January 02, 2018.

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