New Jersey Resources Corp (NYSE: NJR) has reported E.P.S. of $-0.12 for its third fiscal quarter (ending June 30) versus $0.02 for the same period a year ago — a decline of -700%. Relative to the consensus estimate of $-0.05, this was a shortfall of $-0.07. For the latest four quarters through June 30, E.P.S. were $2.40 compared to $2.92 a year ago — a decline of -18%.
Recent Price Action
New Jersey Resources Corp (NYSE: NJR) stock declined by -3.3% on 8/6/24. The shares closed at $43.50. Moreover, this decline was accompanied by unusually high trading volume at 157% of normal. The stock has performed in line with the market over the last nine months and has declined -6.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, NJR is expected to continue to be an important Value Builder.
New Jersey Resources has a current Value Trend Rating of D (Negative). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. New Jersey Resources has a neutral Power Rating of 40 and a slightly negative Appreciation Score of 39, producing the Negative Value Trend Rating.
Rating Review
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.
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