New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:29 EDTNJRNew Jersey Resources raises FY14 EPS view to $3.90-$4.10 from $2.75-$2.95
Consensus is $2.87. The increase in guidance is due to significantly better-than-anticipated results at NJR Energy Services, a provider of producer and physical natural gas services. This winter, demand for natural gas increased considerably in regions affected by the sustained extreme cold weather across the United States, especially in the Midwest. During this period of high demand and volatility, NJRES effectively utilized its strategically located portfolio of natural gas storage and transportation contracts to meet the needs of its customers in these regions. NJR has raised its average annual long-term NFE-per-share growth rate goal to a range of 5 to 9 percent from the previous range of 4%-7%. In addition, the company has increased its annual dividend growth rate forecast to a range of 6%-8%, up from 5%. NJR’s long-term payout ratio goal remains unchanged at a range of 60%-65%. NJR continues to expect that between 65%-80% of its long-term earnings will be generated by its regulated businesses. Comments taken from an 8K filing.
News For NJR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 24, 2015
07:06 EDTNJRNew Jersey Resources raises quarterly dividend 6.7% to 24c per share
Subscribe for More Information
07:05 EDTNJRNew Jersey Resources sees FY16 net financial EPS $1.55-$1.65, consensus $1.70
Sees New Jersey Natural Gas contributing 65%-80% of net financial earnings in FY16. Assuming a return to more normal weather this year, the company expects NJR Energy Services to generate between 5%-15% of total NFE in fiscal 2016. NJR's average annual long-term NFE-per-share growth rate goal is 5%-9% with fiscal 2013 as the base year. In addition, the company's annual dividend growth rate goal is 6 to 8 percent and its long-term payout ratio goal is 60%-65%.
07:03 EDTNJRNew Jersey Resources reports Q4 EPS net financial EPS (6c), consensus (8c)
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use