NiSource Inc. (NYSE:NI) Expected to Announce Earnings of $0.05 Per Share

Brokerages forecast that NiSource Inc. (NYSE:NI) will report $0.05 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for NiSource’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.06. NiSource reported earnings of $0.07 per share during the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, July 31st.

According to Zacks, analysts expect that NiSource will report full-year earnings of $1.30 per share for the current financial year, with EPS estimates ranging from $1.27 to $1.31. For the next fiscal year, analysts anticipate that the company will post earnings of $1.37 per share, with EPS estimates ranging from $1.33 to $1.40. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow NiSource.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, May 1st. The utilities provider reported $0.82 EPS for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.05. NiSource had a positive return on equity of 10.76% and a negative net margin of 2.06%. The company had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the prior year, the company earned $0.77 EPS.



A number of brokerages have recently commented on NI. Bank of America upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 price target for the company in a research note on Monday, April 22nd. ValuEngine cut Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Goldman Sachs Group restated a “neutral” rating and issued a $393.00 price objective on shares of Boeing in a report on Monday, April 8th. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a report on Monday, May 13th. Finally, Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $27.87.

A number of hedge funds and other institutional investors have recently bought and sold shares of NI. Paloma Partners Management Co acquired a new stake in NiSource during the 4th quarter worth about $331,000. Cetera Advisor Networks LLC acquired a new stake in NiSource during the 1st quarter worth about $200,000. Millennium Management LLC grew its holdings in NiSource by 8.2% during the 4th quarter. Millennium Management LLC now owns 5,509,983 shares of the utilities provider’s stock worth $139,678,000 after acquiring an additional 416,570 shares during the period. Calamos Advisors LLC grew its holdings in NiSource by 2.5% during the 1st quarter. Calamos Advisors LLC now owns 278,099 shares of the utilities provider’s stock worth $7,970,000 after acquiring an additional 6,851 shares during the period. Finally, Marshall Wace LLP acquired a new stake in NiSource during the 1st quarter worth about $2,511,000. Institutional investors and hedge funds own 93.92% of the company’s stock.

Shares of NI opened at $29.20 on Tuesday. NiSource has a 52 week low of $24.19 and a 52 week high of $29.75. The company has a market cap of $10.89 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 4.20 and a beta of 0.25. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.45. The firm has a fifty day moving average price of $28.92.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Investors of record on Wednesday, July 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.74%. NiSource’s payout ratio is 61.54%.

About NiSource

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

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Earnings History and Estimates for NiSource (NYSE:NI)

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