NewJersey Resources Corporation (NYSE:NJR) is expected to report third quarter earnings results, before market open, on Friday 7th August 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.10 per share from revenue of $ 447.88 million.
Looking ahead, the full year income are expected at $ 2.10 per share on the revenues of $ 2470.73 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.05 ~ $ 2.15 per share
Click Here For More Historical Outlooks Of NewJersey Resources Corporation
Previous Quarter Performance
NewJersey Resources Corporation unwinded income for the second quarter of $ 1.12 per share, from the revenue of $ 639.61 million. The quarterly earnings shrunk 11.81 percent compared with the same quarter last year. The consensus estimates are income of $ 1.48 per share from $ 872.39 million in revenue. The bottom line results missed street analysts by $ 0.36 or 24.32 percent, at the same time, top line results fell short of analysts by $ 232.78 million or 26.68 percent.
Historical Earnings Performance
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Stock Performance
The company has a market capital of $ 3.00 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.3125 per share on May 5, 2020. The dividend were payable on July 1, 2020 to holders of record as of the close of business on June 16, 2020 and ex-dividend date on June 15, 2020.
Conference Call
NewJersey Resources Corporation will be hosting a conference call at 10:00 AM eastern time on 7th August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.njresources.com
New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Midstream segments. The Natural Gas Distribution segment offers regulated retail natural gas services to approximately 538,700 residential and commercial customers in central and northern New Jersey; provides storage management services; and participates in the off-system sales and capacity release markets.
