NiSource (NI) Scheduled to Post Earnings on Wednesday

NiSource (NYSE:NI) is scheduled to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce 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.Investors that wish to register for the company’s conference call can do so using this link.

NiSource (NYSE:NI) last announced its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.02). NiSource had a net margin of 12.98% and a return on equity of 10.10%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm 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 Price Performance

Shares of NI opened at $28.54 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.76 and a current ratio of 0.85. The firm has a market cap of $12.79 billion, a PE ratio of 19.41, a PEG ratio of 2.78 and a beta of 0.49. NiSource has a twelve month low of $22.86 and a twelve month high of $28.95. The firm’s 50 day moving average price is $27.17 and its 200 day moving average price is $26.38.

NiSource Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on NI. Barclays lifted their price target on NiSource from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. StockNews.com raised shares of NiSource from a “sell” rating to a “hold” rating in a research report on Saturday, February 24th.

Insider Buying and Selling at NiSource

In related news, SVP Melanie B. Berman sold 11,141 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 23,720 shares in the company, valued at $632,375.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.13% of the company’s stock.

About NiSource

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.