New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. More Details
Solid track record established dividend payer.
Share Price & News
How has New Jersey Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: NJR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: NJR's weekly volatility (4%) has been stable over the past year.
7 Day Return
US Gas Utilities
1 Year Return
US Gas Utilities
Return vs Industry: NJR exceeded the US Gas Utilities industry which returned 15.4% over the past year.
Return vs Market: NJR underperformed the US Market which returned 51.8% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is New Jersey Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 days ago | Simply Wall StInvestors In New Jersey Resources Corporation (NYSE:NJR) Should Consider This, First
3 weeks ago | Simply Wall StReturn Trends At New Jersey Resources (NYSE:NJR) Aren't Appealing
1 month ago | Simply Wall StDo Institutions Own New Jersey Resources Corporation (NYSE:NJR) Shares?
Is New Jersey Resources undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: NJR ($43.51) is trading above our estimate of fair value ($39.13)
Significantly Below Fair Value: NJR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: NJR is good value based on its PE Ratio (15.2x) compared to the US Gas Utilities industry average (16.9x).
PE vs Market: NJR is good value based on its PE Ratio (15.2x) compared to the US market (20.2x).
Price to Earnings Growth Ratio
PEG Ratio: NJR is poor value based on its PEG Ratio (16.6x)
Price to Book Ratio
PB vs Industry: NJR is overvalued based on its PB Ratio (2.5x) compared to the US Gas Utilities industry average (1.9x).
How is New Jersey Resources forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NJR's forecast earnings growth (0.9% per year) is below the savings rate (2%).
Earnings vs Market: NJR's earnings (0.9% per year) are forecast to grow slower than the US market (15.4% per year).
High Growth Earnings: NJR's earnings are forecast to grow, but not significantly.
Revenue vs Market: NJR's revenue is expected to decline over the next 3 years (-5.3% per year).
High Growth Revenue: NJR's revenue is forecast to decline over the next 3 years (-5.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NJR's Return on Equity is forecast to be low in 3 years time (11.9%).
How has New Jersey Resources performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NJR has high quality earnings.
Growing Profit Margin: NJR's current net profit margins (14.1%) are higher than last year (8%).
Past Earnings Growth Analysis
Earnings Trend: NJR's earnings have grown by 8% per year over the past 5 years.
Accelerating Growth: NJR's earnings growth over the past year (58.2%) exceeds its 5-year average (8% per year).
Earnings vs Industry: NJR earnings growth over the past year (58.2%) exceeded the Gas Utilities industry 16.2%.
Return on Equity
High ROE: NJR's Return on Equity (16.2%) is considered low.
How is New Jersey Resources's financial position?
Financial Position Analysis
Short Term Liabilities: NJR's short term assets ($609.2M) exceed its short term liabilities ($518.7M).
Long Term Liabilities: NJR's short term assets ($609.2M) do not cover its long term liabilities ($3.2B).
Debt to Equity History and Analysis
Debt Level: NJR's debt to equity ratio (138.8%) is considered high.
Reducing Debt: NJR's debt to equity ratio has increased from 89% to 138.8% over the past 5 years.
Debt Coverage: NJR's debt is not well covered by operating cash flow (12.2%).
Interest Coverage: NJR's interest payments on its debt are well covered by EBIT (4.7x coverage).
What is New Jersey Resources's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: NJR's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: NJR's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: NJR's dividends per share have been stable in the past 10 years.
Growing Dividend: NJR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45%), NJR's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NJR's dividends in 3 years are forecast to be covered by earnings (58.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Steve Westhoven (52 yo)
Mr. Stephen D. Westhoven, also known as Steve, is Chief Executive Officer and President of New Jersey Resources Corporation since October 1, 2019 and October 1, 2018 respectively and has been its Director ...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD4.17M) is about average for companies of similar size in the US market ($USD5.41M).
Compensation vs Earnings: Steve's compensation has increased by more than 20% in the past year.
Experienced Management: NJR's management team is considered experienced (4.5 years average tenure).
Experienced Board: NJR's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NJR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New Jersey Resources Corporation's company bio, employee growth, exchange listings and data sources
- Name: New Jersey Resources Corporation
- Ticker: NJR
- Exchange: NYSE
- Founded: 1981
- Industry: Gas Utilities
- Sector: Utilities
- Market Cap: US$4.139b
- Shares outstanding: 96.25m
- Website: https://www.njresources.com
Number of Employees
- New Jersey Resources Corporation
- 1415 Wyckoff Road
- New Jersey
- United States
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 ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/07 23:20|
|End of Day Share Price||2021/05/07 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.