New Jersey Resources Earnings Jump With Cold Weather, Tax Benefits
We are reaffirming our $31 per share fair value estimate for New Jersey Resources, along with our narrow moat and stable moat trend ratings, after the company reported net financial earnings of $1.56 per share in the first quarter of fiscal 2018, up from $0.47 per share in the year-ago period.NJR is on track to earn well above our previous forecast, primarily because of the tax reform impacts and record cold weather. We plan to adjust our estimates to reflect these abnormal results, but we don'...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.