Report
Travis Miller
EUR 101.80 For Business Accounts Only

NJR's capital investment set to peak in 2018-19.

We are reaffirming our $30 per share fair value estimate for New Jersey Resources, along with our narrow moat and stable moat trend ratings, after the company reported earning $1.73 per share on an adjusted basis for its fiscal year 2017. This was in line with our forecast.
Earnings were up 7.5% from fiscal-year 2016 and at the high end of management's $1.65-$1.75 per-share earnings guidance. Management also initiated fiscal-year 2018 earnings guidance at $1.75-$1.85 per share. This is slightly ...
Provider
Morningstar
Morningstar

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.

Analysts
Travis Miller

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