EPS for New Jersey Resources Corporation (NJR) Expected At $-0.42

November 10, 2018 - By Duane Lopez

Investors sentiment increased to 1.6 in 2018 Q2. Its up 0.45, from 1.15 in 2018Q1. It increased, as 18 investors sold New Jersey Resources Corporation shares while 55 reduced holdings. 33 funds opened positions while 84 raised stakes. 57.94 million shares or 1.71% more from 56.96 million shares in 2018Q1 were reported.
Schwab Charles Inv Management holds 660,745 shares or 0.02% of its portfolio. Convergence Prns Ltd Co reported 0.19% of its portfolio in New Jersey Resources Corporation (NYSE:NJR). Lpl Limited Liability Com stated it has 6,286 shares or 0% of all its holdings. Strs Ohio accumulated 10,400 shares. Envestnet Asset Mgmt has 0% invested in New Jersey Resources Corporation (NYSE:NJR). 12 were accumulated by Cornerstone Advsrs. Mitsubishi Ufj Trust And Banking Corporation has 0% invested in New Jersey Resources Corporation (NYSE:NJR). Gemmer Asset Limited Liability Corporation reported 181 shares. Royal Bankshares Of Canada invested in 93,776 shares. Voya Inv Mngmt Lc holds 0% or 34,986 shares in its portfolio. Silvercrest Asset Grp Inc Limited Liability Company invested 0% in New Jersey Resources Corporation (NYSE:NJR). Wells Fargo Mn has invested 0.01% in New Jersey Resources Corporation (NYSE:NJR). Td Asset Mngmt reported 15,911 shares stake. Raymond James Serv, Florida-based fund reported 22,009 shares. Bnp Paribas Arbitrage invested in 0% or 42,531 shares.

Analysts expect New Jersey Resources Corporation (NYSE:NJR) to report $-0.42 EPS on November, 20.They anticipate $0.28 EPS change or 200.00 % from last quarter’s $-0.14 EPS. After having $-0.09 EPS previously, New Jersey Resources Corporation’s analysts see 366.67 % EPS growth. The stock increased 0.83% or $0.39 during the last trading session, reaching $47.5. About 231,651 shares traded. New Jersey Resources Corporation (NYSE:NJR) has risen 8.89% since November 10, 2017 and is uptrending. It has underperformed by 6.73% the S&P500.

New Jersey Resources Corporation (NYSE:NJR) Ratings Coverage

Among 4 analysts covering New Jersey Resources (NYSE:NJR), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. New Jersey Resources had 4 analyst reports since May 30, 2018 according to SRatingsIntel. Argus Research maintained New Jersey Resources Corporation (NYSE:NJR) on Wednesday, May 30 with “Buy” rating. The rating was downgraded by Guggenheim on Monday, September 10 to “Neutral”. On Tuesday, June 5 the stock rating was downgraded by Bank of America to “Underperform”. The stock of New Jersey Resources Corporation (NYSE:NJR) earned “Market Perform” rating by Wells Fargo on Monday, September 17.

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company has market cap of $4.19 billion. The firm operates through four divisions: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream divisions. It has a 19.56 P/E ratio. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 529,800 residential and commercial clients in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.

More news for New Jersey Resources Corporation (NYSE:NJR) were recently published by: Globenewswire.com, which released: “New Research: Key Drivers of Growth for Celgene, Briggs & Stratton, NewJersey Resources, RPM International …” on October 31, 2018. Businesswire.com‘s article titled: “New Jersey Resources Schedules Year-End Fiscal 2018 Earnings Call” and published on October 29, 2018 is yet another important article.

New Jersey Resources Corporation (NYSE:NJR) Institutional Positions Chart

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