NiSource (NI) Scheduled to Post Quarterly Earnings on Wednesday

NiSource (NYSE:NI) is scheduled to be releasing its earnings data before the market opens on Wednesday, May 8th. Analysts expect NiSource to post earnings of $0.79 per share for the quarter. NiSource has set its FY 2024 guidance at 1.700-1.740 EPS and its FY24 guidance at $1.70-$1.74 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

NiSource (NYSE:NI) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.02). NiSource had a return on equity of 10.10% and a net margin of 12.98%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the business earned $0.50 earnings per share. On average, analysts expect NiSource to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NiSource Trading Up 0.1 %

Shares of NiSource stock opened at $28.54 on Monday. NiSource has a 12-month low of $22.86 and a 12-month high of $28.95. The firm’s 50 day simple moving average is $27.17 and its two-hundred day simple moving average is $26.38. The company has a current ratio of 0.85, a quick ratio of 0.76 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $12.79 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 2.78 and a beta of 0.49.

NiSource Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.265 per share. The ex-dividend date is Monday, April 29th. This represents a $1.06 annualized dividend and a yield of 3.71%. NiSource’s payout ratio is presently 72.11%.

Analyst Ratings Changes

NI has been the subject of a number of recent research reports. Barclays lifted their price objective on NiSource from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. StockNews.com upgraded NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th.

Insiders Place Their Bets

In related news, SVP Melanie B. Berman sold 11,141 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $26.66, for a total value of $297,019.06. Following the transaction, the senior vice president now directly owns 23,720 shares in the company, valued at $632,375.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by insiders.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates in two segments, Gas Distribution Operations and Electric Operations. The company distributes natural gas to approximately 3.3 million customers through approximately 55,000 miles of distribution main pipeline and the associated individual customer service lines; and 1,000 miles of transmission main pipeline in northern Indiana, Ohio, Pennsylvania, Virginia, Kentucky, and Maryland.