NewJersey Resources Corporation

Company Profile

NewJersey Resources Corporation had its IPO on 1987-12-30 under the ticker symbol NJR.

The company operates in the Utilities sector and Utilities-Regulated Gas industry. NewJersey Resources Corporation has a staff strength of 1,288 employees.

Stock update

Shares of NewJersey Resources Corporation opened at $42.29 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $42.07 - $42.72, and closed at $42.72.

This is a +1.09% increase from the previous day's closing price.

A total volume of 504,652 shares were traded at the close of the day’s session.

In the last one week, shares of NewJersey Resources Corporation have increased by +1.11%.

NewJersey Resources Corporation's Key Ratios

NewJersey Resources Corporation has a market cap of $4.12 billion, indicating a price to book ratio of 2.6457 and a price to sales ratio of 1.6289.

In the last 12-months NewJersey Resources Corporation’s revenue was $2.40 billion with a gross profit of $605.68 million and an EBITDA of $574.14 million. The EBITDA ratio measures NewJersey Resources Corporation's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, NewJersey Resources Corporation’s operating margin was 17.67% while its return on assets stood at 4.25% with a return of equity of 15%.

In Q2, NewJersey Resources Corporation’s quarterly earnings growth was a negative -88.4% while revenue growth was a negative 52.2%.

NewJersey Resources Corporation’s PE and PEG Ratio

Forward PE

20.0401

Trailing PE

14.5724

PEG

2.9074

Its diluted EPS in the last 12-months stands at $2.9 per share while it has a forward price to earnings multiple of 20.0401 and a PEG multiple of 2.9074. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into NewJersey Resources Corporation’s profitability.

NewJersey Resources Corporation stock is trading at a EV to sales ratio of 2.7302 and a EV to EBITDA ratio of 14.2182. Its price to sales ratio in the trailing 12-months stood at 1.6289.

NewJersey Resources Corporation stock pays annual dividends of $1.56 per share, indicating a yield of 3.99% and a payout ratio of 53.79%.

Balance sheet and cash flow metrics

Total Assets

$6.31 billion

Total Liabilities

$668.95 million

Operating Cash Flow

$-116441000.00

Capital Expenditure

$117.10 million

Dividend Payout Ratio

53.79%

NewJersey Resources Corporation ended 2024 with $6.31 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $6.31 billion while shareholder equity stood at $2.00 billion.

NewJersey Resources Corporation ended 2024 with $291.00 million in deferred long-term liabilities, $668.95 million in other current liabilities, 243237000.00 in common stock, $1.18 billion in retained earnings and $0 in goodwill. Its cash balance stood at $511000.00 and cash and short-term investments were $511000.00. The company’s total short-term debt was $312,814,000 while long-term debt stood at $2.70 billion.

NewJersey Resources Corporation’s total current assets stands at $520.36 million while long-term investments were $104.43 million and short-term investments were $0. Its net receivables were $114.45 million compared to accounts payable of $169.52 million and inventory worth $185.86 million.

In 2024, NewJersey Resources Corporation's operating cash flow was $-116441000.00 while its capital expenditure stood at $117.10 million.

Comparatively, NewJersey Resources Corporation paid $0.54 in dividends in 2024.

Other key metrics

Current Trading Price

$42.72

52-Week High

$55.3937

52-Week Low

$37.1863

Analyst Target Price

$51.83

NewJersey Resources Corporation stock is currently trading at $42.72 per share. It touched a 52-week high of $55.3937 and a 52-week low of $55.3937. Analysts tracking the stock have a 12-month average target price of $51.83.

Its 50-day moving average was $44.18 and 200-day moving average was $48.43 The short ratio stood at 3.18 indicating a short percent outstanding of 0%.

Around 47.5% of the company’s stock are held by insiders while 7763% are held by institutions.