For its first fiscal quarter (ending December 31), New Jersey Resources Corp (NYSE: NJR) has reported a 0% change in E.P.S. from $0.97 a year ago to $0.97 in the current quarter. This performance was $0.16 better than the consensus estimate of $0.81. E.P.S. were $1.91 for the latest four quarters through December 31 versus $2.23 for the same period a year ago — a decline of -14%.
Recent Price Action
On 2/6/20, New Jersey Resources Corp (NYSE: NJR) stock rose modestly by 0.4%, closing at $42.32. Trading volume in this advance was normal. The stock is unchanged during the last week and has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NJR is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
New Jersey Resources has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. New Jersey Resources has a neutral Appreciation Score of 50 and a slightly negative Power Rating of 31, and the Negative Value Trend Rating results.
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.