NiSource (NYSE:NI) Releases FY18 Earnings Guidance

NiSource (NYSE:NI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share guidance of $1.26-1.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.29. NiSource also updated its FY17 guidance to $1.17-1.20 EPS.

Several equities analysts have commented on the stock. Citigroup raised their target price on shares of NiSource from $28.00 to $31.00 and gave the company a buy rating in a research note on Monday, November 20th. KeyCorp reissued a buy rating and set a $29.50 target price on shares of NiSource in a research note on Friday, October 20th. JPMorgan Chase & Co. raised their target price on shares of NiSource from $25.00 to $27.00 and gave the company a neutral rating in a research note on Thursday, October 12th. Zacks Investment Research cut shares of NiSource from a buy rating to a hold rating in a research note on Wednesday, September 20th. Finally, Credit Suisse Group raised their target price on shares of NiSource from $29.00 to $30.00 and gave the company an outperform rating in a research note on Thursday, November 2nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $27.41.

Shares of NiSource (NYSE NI) traded down $0.06 on Friday, hitting $24.07. 2,661,400 shares of the company’s stock traded hands, compared to its average volume of 3,040,000. NiSource has a one year low of $21.65 and a one year high of $27.76. The firm has a market capitalization of $8,110.00, a PE ratio of 29.00, a price-to-earnings-growth ratio of 3.18 and a beta of 0.43. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.32 and a current ratio of 0.52.

NiSource (NYSE:NI) last announced its earnings results on Wednesday, November 1st. The utilities provider reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. NiSource had a net margin of 5.61% and a return on equity of 8.97%. The company had revenue of $917.00 million during the quarter, compared to analysts’ expectations of $901.00 million. During the same period last year, the company posted $0.06 earnings per share. sell-side analysts forecast that NiSource will post 1.2 EPS for the current year.

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About NiSource

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.

Earnings History and Estimates for NiSource (NYSE:NI)

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