For its fourth fiscal quarter (ending September 30), New Jersey Resources Corp (NYSE: NJR) has reported a -33% decline in E.P.S. from $0.57 a year ago to $0.38 in the current quarter. Relative to the consensus estimate of $0.37, this was a premium of $0.01. E.P.S. were $2.73 for the latest four quarters through September 30 versus $2.86 for the same period a year ago — a decline of -5%.
Recent Price Action
New Jersey Resources Corp (NYSE: NJR) stock closed at $41.71 on 11/21/23 after a decline of -1.5%. Relative to the market the stock has been weak over the last nine months but has risen 1.3% during the last week.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. New Jersey Resources has a neutral Appreciation Score of 41 but a poor Power Rating of 29, and the Negative Value Trend Rating results.
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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