Analysts Expect NiSource Inc. (NI) to Post $0.38 EPS

Equities research analysts predict that NiSource Inc. (NYSE:NI) will post $0.38 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for NiSource’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.34. NiSource reported earnings per share of $0.33 in the same quarter last year, which indicates a positive year over year growth rate of 15.2%. The company is expected to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that NiSource will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.30. For the next financial year, analysts anticipate that the firm will post earnings of $1.36 per share, with EPS estimates ranging from $1.32 to $1.38. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for NiSource.

NiSource (NYSE:NI) last released its quarterly earnings data on Thursday, November 1st. The utilities provider reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. The firm had revenue of $895.00 million for the quarter, compared to the consensus estimate of $946.10 million. NiSource had a negative net margin of 1.82% and a positive return on equity of 9.30%. During the same quarter in the previous year, the firm earned $0.07 earnings per share.

Several analysts have issued reports on NI shares. Evercore ISI downgraded shares of NiSource from an “in-line” rating to an “underperform” rating in a report on Friday, September 14th. Goldman Sachs Group downgraded shares of NiSource from a “conviction-buy” rating to a “buy” rating and set a $29.00 price target on the stock. in a report on Friday, September 21st. Mizuho downgraded shares of NiSource from a “buy” rating to a “neutral” rating in a report on Friday, October 19th. ValuEngine raised shares of NiSource from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research raised shares of NiSource from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.45.

In other news, CFO Donald Eugene Brown sold 2,400 shares of the business’s stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $26.18, for a total value of $62,832.00. Following the completion of the transaction, the chief financial officer now owns 46,767 shares of the company’s stock, valued at $1,224,360.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Large investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC acquired a new position in NiSource during the second quarter worth approximately $104,000. Tower Research Capital LLC TRC acquired a new position in NiSource during the second quarter worth approximately $105,000. Advisors Asset Management Inc. acquired a new position in NiSource during the second quarter worth approximately $110,000. Chicago Partners Investment Group LLC increased its position in NiSource by 114.2% during the third quarter. Chicago Partners Investment Group LLC now owns 4,444 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 2,369 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in NiSource by 286.6% during the second quarter. Parallel Advisors LLC now owns 4,701 shares of the utilities provider’s stock worth $123,000 after purchasing an additional 3,485 shares during the last quarter. 91.20% of the stock is owned by institutional investors and hedge funds.

NI stock traded up $0.14 during trading on Thursday, reaching $27.08. 338,209 shares of the company were exchanged, compared to its average volume of 3,576,523. The company has a market cap of $9.77 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.75 and a beta of 0.13. NiSource has a 52-week low of $22.44 and a 52-week high of $28.11. The company has a current ratio of 0.40, a quick ratio of 0.26 and a debt-to-equity ratio of 1.52.

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 to residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and offers wholesale and transmission transaction services.

See Also: Depreciation

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Earnings History and Estimates for NiSource (NYSE:NI)

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