Revenue Update on New Jersey Resources Corp(NYSE:NJR)

New Jersey Resources Corp(NYSE:NJR) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Nov 17, 2016. Company reported revenue of $469.24M. Analysts estimated a revenue of $453.32M. The revenues were $15.92M or 3.51% above the estimates. Earnings per share were $-0.02. The reported EPS was below estimates by $-0.03 or NaN%. Analysts had estimated an EPS of $0.01.

New Jersey Resources Corp (NJR) made into the market gainers list on Mondays trading session with the shares advancing 0.15% or 0.05 points. Due to strong positive momentum, the stock ended at $32.75, which is also near the day’s high of $33.05. The stock began the session at $32.65 and the volume stood at 9,32,384 shares. The 52-week high of the shares is $38.92 and the 52 week low is $28.02. The company has a current market capitalization of $2,819 M and it has 8,60,86,000 shares in outstanding.

New Jersey Resources Corp has also declared a cash dividend of $0.2550 on Nov 16, 2016. The shares will quote ex-dividend on Dec 13, 2016 and the record date has been fixed on Dec 15, 2016. The dividend payable date has been fixed on Jan 3, 2017.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, George R Zoffinger (director) sold 9,743 shares at $35.00 per share price.Also, On Mar 24, 2016, Mariellen Dugan (Sr. V.P. & General Counsel) sold 9,511 shares at $35.60 per share price.On Mar 17, 2016, Jane M Kenny (director) sold 4,500 shares at $35.00 per share price, according to the Form-4 filing with the securities and exchange commission.

New Jersey Resources Corporation (NJR) is an energy services holding company that provides retail and wholesale energy services to customers primarily in the Gulf Coast Mid-Continent Appalachian Northeastern and Western market areas of the United States as well as Canada. The Company operates within four reportable business segments: Natural Gas Distribution Clean Energy Ventures Energy Services and Midstream (formerly Energy Holdings). The Natural Gas Distribution segment consists of regulated energy and off-system capacity and storage management operations. The Clean Energy Ventures segment consists of capital investments in clean energy projects. The Energy Services segment consists of unregulated wholesale energy operations. Lastly the Midstream segment consists of investments in the midstream natural gas market such as natural gas transportation and storage facilities.

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