New Jersey Resources Corp. (NJR) Issues FY14 Earnings Guidance

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New Jersey Resources Corp. (NYSE:NJR) updated its FY14 earnings guidance on Wednesday. The company provided EPS guidance of $3.90-4.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.88, Analyst Ratings.Net reports.

On a related note, analysts at Hilliard Lyons upgraded shares of New Jersey Resources Corp. from a neutral rating to a buy rating in a research note on Wednesday.

New Jersey Resources Corp. (NYSE:NJR) opened at 47.39 on Thursday. New Jersey Resources Corp. has a 52-week low of $40.60 and a 52-week high of $47.60. The stock has a 50-day moving average of $45.1 and a 200-day moving average of $44.76. The company has a market cap of $1.997 billion and a price-to-earnings ratio of 29.44.

New Jersey Resources Corp. (NYSE:NJR) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.94 by $0.01. The company had revenue of $878.41 million for the quarter, compared to the consensus estimate of $769.77 million. During the same quarter in the prior year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that New Jersey Resources Corp. will post $2.87 earnings per share for the current fiscal year.

New Jersey Resources Corporation (NYSE:NJR) is an energy services holding company providing retail and wholesale energy services to customers in states from the Gulf Coast and Mid-Continent regions to the Appalachian and Northeast regions, the West Coast and Canada.

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