Wall Street analysts expect NiSource Inc. (NYSE:NI) to report $0.32 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for NiSource’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.34. NiSource reported earnings of $0.33 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, February 20th.
According to Zacks, analysts expect that NiSource will report full-year earnings of $1.19 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.20. For the next fiscal year, analysts expect that the firm will report earnings of $1.28 per share, with EPS estimates ranging from $1.26 to $1.30. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow NiSource.
Several equities research analysts recently issued reports on NI shares. Zacks Investment Research upgraded NiSource from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Monday, January 22nd. Citigroup upped their price target on shares of NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, November 20th. Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, January 10th. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a report on Tuesday, January 9th. Finally, Jefferies Group reiterated a “hold” rating and set a $26.00 price target on shares of NiSource in a report on Wednesday, December 20th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $27.14.
NiSource (NI) traded up $0.11 during trading on Wednesday, hitting $23.48. The stock had a trading volume of 3,911,400 shares, compared to its average volume of 3,504,397. The company has a quick ratio of 0.32, a current ratio of 0.52 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $7,907.92, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.24. NiSource has a 52 week low of $22.44 and a 52 week high of $27.76.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Friday, February 9th will be given a $0.195 dividend. This is a boost from NiSource’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $0.78 annualized dividend and a yield of 3.32%. NiSource’s dividend payout ratio (DPR) is presently 95.12%.
NiSource Company Profile
NiSource Inc is an energy holding company. The Company is engaged in the distribution of natural gas. The Company operates through two business segments: Gas Distribution Operations and Electric Operations. The Company’s Gas Distribution Operations segment provides natural gas service and transportation for residential, commercial and industrial customers in Ohio, Pennsylvania, Virginia, Kentucky, Maryland, Indiana and Massachusetts.
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