New Jersey Resources reported adjusted earnings per share of $3.48 through its first three fiscal quarters, up from $3.13 in the same year-ago period. Results are on track to meet our and management's full-year outlooks.
NJR's customer base continues to grow faster than the national average and includes the wealthier regions of New Jersey.
Rising interest rates can be headwinds for utilities as higher debt costs slow earnings growth and dividend yields are less attractive compared with fixed-income alternatives.
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Price/Earnings (Normalized) | 15.11 | 21.30 | 20.99 |
Price/Book Value | 2.11 | 2.29 | 1.88 |
Price/Sales | 2.50 | 2.79 | 5.75 |
Price/Cash Flow | 8.97 | 9.12 | 11.45 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Quick Ratio | 0.25 | 0.35 | 0.54 |
Current Ratio | 0.66 | 1.12 | 0.81 |
Interest Coverage | 4.41 | 2.31 | 13.10 |
|
Metric
|
NJR
|
CNP
|
ATO
|
|---|---|---|---|
Return on Assets (Normalized) | 4.73% | 2.42% | 4.54% |
Return on Equity (Normalized) | 14.56% | 9.94% | 9.40% |
Return on Invested Capital (Normalized) | 7.48% | 5.72% | 6.00% |
|
1-Day Chart
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United States