Analysts Expect NiSource Inc. (NI) Will Post Earnings of $0.32 Per Share

Analysts expect that NiSource Inc. (NYSE:NI) will post $0.32 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for NiSource’s earnings, with the highest EPS estimate coming in at $0.33 and the lowest estimate coming in at $0.30. NiSource reported earnings per share of $0.33 during the same quarter last year, which would suggest a negative year-over-year growth rate of 3%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that NiSource will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.20. For the next financial year, analysts expect that the company will post earnings of $1.29 per share, with EPS estimates ranging from $1.28 to $1.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for NiSource.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The business had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same quarter in the prior year, the business posted $0.06 EPS.

NI has been the subject of a number of recent research reports. Citigroup increased their price target on shares of NiSource from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Monday, November 20th. KeyCorp reiterated a “buy” rating and set a $29.50 price target on shares of NiSource in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of NiSource from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Friday, September 22nd. Jefferies Group reiterated a “hold” rating and set a $26.00 price target on shares of NiSource in a research note on Wednesday, December 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of NiSource from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NiSource presently has a consensus rating of “Buy” and an average target price of $27.95.

Shares of NiSource (NI) traded up $0.62 during trading on Monday, hitting $25.28. 3,609,251 shares of the stock traded hands, compared to its average volume of 2,581,689. NiSource has a fifty-two week low of $21.65 and a fifty-two week 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 cap of $8,730.00, a PE ratio of 30.46, a price-to-earnings-growth ratio of 3.50 and a beta of 0.42.

Large investors have recently modified their holdings of the stock. Tortoise Investment Management LLC acquired a new stake in shares of NiSource in the 3rd quarter worth $113,000. Valeo Financial Advisors LLC acquired a new stake in shares of NiSource in the 3rd quarter worth $114,000. First Quadrant L P CA acquired a new stake in shares of NiSource in the 3rd quarter worth $114,000. Advisory Services Network LLC lifted its stake in shares of NiSource by 4.4% in the 2nd quarter. Advisory Services Network LLC now owns 4,740 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 200 shares during the period. Finally, TCI Wealth Advisors Inc. lifted its stake in shares of NiSource by 0.4% in the 2nd quarter. TCI Wealth Advisors Inc. now owns 6,078 shares of the utilities provider’s stock worth $154,000 after acquiring an additional 24 shares during the period. Hedge funds and other institutional investors own 82.19% of the company’s stock.

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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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Earnings History and Estimates for NiSource (NYSE:NI)

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