NiSource (NYSE:NI) Issues FY18 Earnings Guidance

NiSource (NYSE:NI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.26-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.29.

Shares of NiSource (NI) traded up $0.17 during trading on Wednesday, reaching $23.31. 3,546,068 shares of the company were exchanged, compared to its average volume of 3,779,301. The stock has a market cap of $7,807.69, a price-to-earnings ratio of 59.77, a PEG ratio of 3.27 and a beta of 0.30. NiSource has a 1 year low of $22.44 and a 1 year high of $27.76. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.55 and a quick ratio of 0.41.

NiSource (NYSE:NI) last released its quarterly earnings data on Tuesday, February 20th. The utilities provider reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.35 billion. NiSource had a net margin of 2.64% and a return on equity of 8.90%. During the same quarter in the prior year, the firm earned $0.33 EPS. equities analysts anticipate that NiSource will post 1.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Friday, February 9th were issued a dividend of $0.195 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from NiSource’s previous quarterly dividend of $0.18. NiSource’s dividend payout ratio (DPR) is currently 200.01%.

A number of brokerages have recently issued reports on NI. Citigroup raised 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. Zacks Investment Research downgraded shares of NiSource from a buy rating to a hold rating in a report on Wednesday, January 3rd. Edward Jones upgraded shares of NiSource from a hold rating to a buy rating in a report on Tuesday, January 9th. Jefferies Group reissued a hold rating and issued a $26.00 price target on shares of NiSource in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of NiSource from $28.00 to $25.00 and set a neutral rating for the company in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $27.41.

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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.

Earnings History and Estimates for NiSource (NYSE:NI)

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