UGI - Reasons to Add New Jersey Resources to Your Portfolio Now | Benzinga
New Jersey Resources (NYSE: NJR) continues to benefit from its infrastructure upgrades that help serve its expanding customer base more efficiently. Given its earnings growth opportunities and strong return on equity (ROE), NJR makes for a solid investment option in the utility sector.
Let's focus on the factors that make this Zacks Rank #2 (Buy) company a strong investment pick at the moment.
Growth Projections & Surprise History
The Zacks Consensus Estimate for fiscal 2024 earnings per share has moved up 1.7% in the past 90 days to $2.94.
New Jersey Resources delivered an average earnings surprise of 107.4% in the last four quarters.
Return on Equity
ROE indicates how efficiently a company has been utilizing the funds to generate higher returns. Currently, New Jersey Resources' ROE is 12.16%, higher than the industry's average of 9.7%. ...