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 (EPS) guidance of 1.840-1.880 for the period, compared to the consensus estimate of 1.850. The company issued revenue guidance of -. NiSource also updated its FY 2024 guidance to 1.700-1.740 EPS.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on NI shares. Evercore ISI raised their price objective on NiSource from $32.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. BMO Capital Markets raised their price objective on NiSource from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, September 12th. Jefferies Financial Group started coverage on NiSource in a research report on Monday, October 28th. They set a “buy” rating and a $39.00 price objective for the company. Barclays raised their price objective on NiSource from $35.00 to $38.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Finally, Mizuho lifted their target price on NiSource from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.50.

NiSource Trading Down 1.9 %

NI opened at $34.49 on Friday. The business has a 50 day simple moving average of $34.14 and a two-hundred day simple moving average of $31.03. The firm has a market capitalization of $15.47 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.92 and a beta of 0.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.46 and a quick ratio of 0.63. NiSource has a one year low of $24.58 and a one year high of $35.48.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, October 30th. The utilities provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.05. NiSource had a return on equity of 8.27% and a net margin of 14.63%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $986.00 million. During the same quarter in the prior year, the company earned $0.19 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts predict that NiSource will post 1.73 EPS for the current year.

NiSource Announces Dividend

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

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.