NiSource (NYSE:NI) Releases FY 2025 Earnings Guidance

NiSource (NYSE:NI) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.840-1.880 for the period, compared to the consensus earnings per share estimate of 1.850. The company issued revenue guidance of -. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

NiSource Price Performance

Shares of NiSource stock traded down $0.67 during trading hours on Friday, reaching $34.49. 3,135,337 shares of the company’s stock were exchanged, compared to its average volume of 4,035,585. The business has a fifty day moving average of $34.14 and a two-hundred day moving average of $31.03. The company has a quick ratio of 0.63, a current ratio of 0.46 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $15.47 billion, a P/E ratio of 20.90, a price-to-earnings-growth ratio of 2.92 and a beta of 0.51. NiSource has a 1 year low of $24.58 and a 1 year high of $35.48.

NiSource (NYSE:NI) last posted its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $986.00 million. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.19 earnings per share. As a group, research analysts predict that NiSource will post 1.73 earnings per share for the current fiscal year.

NiSource Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Thursday, October 31st will be paid a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, October 31st. NiSource’s dividend payout ratio (DPR) is presently 64.24%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NI. Bank of America began coverage on shares of NiSource in a report on Thursday, September 12th. They issued a “buy” rating and a $37.00 price objective on the stock. Mizuho upped their price target on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets raised their price target on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Evercore ISI boosted their price objective on NiSource from $32.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company raised their target price on NiSource from $35.00 to $38.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.50.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.