Analysts Expect NiSource Inc. (NI) to Post $0.05 Earnings Per Share
Wall Street brokerages expect NiSource Inc. (NYSE:NI) to announce earnings of $0.05 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for NiSource’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.08. NiSource reported earnings per share of $0.07 during the same quarter last year, which indicates a negative year over year growth rate of 28.6%. The company is expected to announce its next earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that NiSource will report full year earnings of $1.30 per share for the current fiscal year, with EPS estimates ranging from $1.27 to $1.31. For the next year, analysts anticipate that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.35 to $1.43. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover NiSource.
NiSource (NYSE:NI) last released its earnings results on Wednesday, May 1st. The utilities provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.05. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.84 billion. NiSource had a positive return on equity of 10.76% and a negative net margin of 2.06%. During the same quarter last year, the business posted $0.77 earnings per share.
Shares of NYSE NI traded up $0.02 during midday trading on Wednesday, hitting $28.06. The stock had a trading volume of 1,732,096 shares, compared to its average volume of 2,882,730. The company has a market cap of $10.48 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 3.68 and a beta of 0.26. NiSource has a 1 year low of $23.23 and a 1 year high of $28.85. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.48 and a quick ratio of 0.42.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 20th. Shareholders of record on Wednesday, July 31st will be given a $0.20 dividend. The ex-dividend date is Tuesday, July 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.85%. NiSource’s dividend payout ratio is currently 61.54%.
A number of large investors have recently bought and sold shares of NI. JPMorgan Chase & Co. grew its stake in shares of NiSource by 34.7% in the third quarter. JPMorgan Chase & Co. now owns 12,869,201 shares of the utilities provider’s stock valued at $320,701,000 after buying an additional 3,317,125 shares in the last quarter. Jennison Associates LLC raised its stake in NiSource by 73.1% during the 1st quarter. Jennison Associates LLC now owns 5,626,608 shares of the utilities provider’s stock valued at $161,259,000 after acquiring an additional 2,375,299 shares during the last quarter. Norges Bank purchased a new stake in NiSource during the 4th quarter valued at approximately $47,499,000. FMR LLC raised its stake in NiSource by 104.5% during the 4th quarter. FMR LLC now owns 3,036,242 shares of the utilities provider’s stock valued at $76,968,000 after acquiring an additional 1,551,419 shares during the last quarter. Finally, Vanguard Group Inc raised its stake in NiSource by 3.9% during the 3rd quarter. Vanguard Group Inc now owns 39,886,268 shares of the utilities provider’s stock valued at $993,966,000 after acquiring an additional 1,483,703 shares during the last quarter. Institutional investors own 94.09% of the company’s stock.
NiSource Company Profile
NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.
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