New Jersey Resources Reaffirms FY24 NFE Outlook; Q2 Profit Increases
(RTTNews) - While reporting financial results for the second quarter on Tuesday, New Jersey Resources Corp. (NJR) reaffirmed its net financial earnings or NFE guidance for the full-year 2024.
For fiscal 2024, the company continues to project NFE in a range of $2.85 to $3.00 per share.
On average, six analysts polled by Thomson Reuters expect the company to report earnings of $2.93 per share for the year. Analysts' estimates typically exclude special items.
The company also maintained its long-term projected NFE per share growth rate of 7 to 9 percent.
For the second quarter, net income increased to $120.81 million or $1.22 per share from $110.25 million or $1.13 per share last year.
Net financial earnings or NFE for the quarter were $138.58 million or $1.41 per share, compared to $112.31 million or $1.16 per share in the previous year.
The Street was looking for earnings of $1.33 per share for the quarter.
Total operating revenues for the quarter increased to $657.91 million from $644.03 million in the prior-year quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
New Jersey Resources Boosts FY24 NFE Outlook; Q1 Profit Declines
Sensex, Nifty Snap Losing Streak, Close Modestly Higher
Euro Falls Against Majors
Positive Trend In Asian Markets
RBA Vigilant To Upside Risks To Inflation, Minutes Show
Antipodean Currencies Rise As Asian Markets Trade Mostly Higher
Super Micro Stock Surges After Hiring New Auditor; Plans To Avoid Delisting
