Wall Street brokerages expect NiSource Inc. (NYSE:NI) to post $1.35 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for NiSource’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.33 billion. NiSource posted sales of $1.30 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The business is expected to announce its next quarterly earnings results on Wednesday, February 28th.
On average, analysts expect that NiSource will report full-year sales of $1.35 billion for the current year, with estimates ranging from $4.69 billion to $4.91 billion. For the next financial year, analysts expect that the company will post sales of $4.95 billion per share, with estimates ranging from $4.81 billion to $5.15 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover NiSource.
NiSource (NYSE:NI) last posted its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. The business had revenue of $917.00 million during the quarter, compared to the consensus estimate of $901.00 million. NiSource had a return on equity of 8.97% and a net margin of 5.61%. During the same period last year, the company earned $0.06 earnings per share.
NI has been the subject of a number of analyst reports. Citigroup raised their price target on NiSource from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Monday, November 20th. KeyCorp restated a “buy” rating and issued a $29.50 price target on shares of NiSource in a research note on Friday, October 20th. Zacks Investment Research upgraded 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. Edward Jones upgraded NiSource from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Goldman Sachs Group upgraded NiSource from a “neutral” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $27.41.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Parametric Portfolio Associates LLC boosted its stake in shares of NiSource by 6.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,045,643 shares of the utilities provider’s stock worth $26,758,000 after acquiring an additional 60,828 shares during the period. AXA boosted its stake in shares of NiSource by 43.2% during the 3rd quarter. AXA now owns 495,100 shares of the utilities provider’s stock worth $12,669,000 after acquiring an additional 149,300 shares during the period. GSA Capital Partners LLP boosted its stake in shares of NiSource by 129.3% during the 3rd quarter. GSA Capital Partners LLP now owns 49,440 shares of the utilities provider’s stock worth $1,265,000 after acquiring an additional 27,879 shares during the period. Americafirst Capital Management LLC bought a new position in shares of NiSource during the 3rd quarter worth approximately $669,000. Finally, IFM Investors Pty Ltd boosted its stake in shares of NiSource by 41.3% during the 3rd quarter. IFM Investors Pty Ltd now owns 15,626 shares of the utilities provider’s stock worth $400,000 after acquiring an additional 4,566 shares during the period. Institutional investors own 82.19% of the company’s stock.
NiSource (NYSE NI) opened at $24.07 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.32 and a debt-to-equity ratio of 1.72. The stock has a market capitalization of $8,126.83, a PE ratio of 20.98, a P/E/G ratio of 3.18 and a beta of 0.37. NiSource has a fifty-two week low of $21.65 and a fifty-two week high of $27.76.
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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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