NiSource (NYSE:NI) issued an update on its FY17 earnings guidance on Thursday morning. The company provided EPS guidance of $1.17-1.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19. NiSource also updated its FY18 guidance to $1.26-1.32 EPS.
Shares of NiSource (NYSE:NI) traded down $0.34 during mid-day trading on Thursday, reaching $24.96. The company’s stock had a trading volume of 3,390,600 shares, compared to its average volume of 2,576,665. NiSource has a one year low of $21.65 and a one year high of $27.76. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52. The firm has a market capitalization of $8,520.88, a P/E ratio of 22.00, a PEG ratio of 3.59 and a beta of 0.36.
NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, meeting the consensus estimate of $0.07. NiSource had a return on equity of 8.97% and a net margin of 5.61%. The company had revenue of $917.00 million for the quarter, compared to the consensus estimate of $901.00 million. During the same quarter last year, the company posted $0.06 earnings per share. sell-side analysts expect that NiSource will post 1.2 earnings per share for the current fiscal year.
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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.
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