$0.79 Earnings Per Share Expected for NiSource Inc. (NI) This Quarter

Wall Street brokerages expect NiSource Inc. (NYSE:NI) to post earnings per share (EPS) of $0.79 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for NiSource’s earnings. The lowest EPS estimate is $0.73 and the highest is $0.86. NiSource posted earnings of $0.77 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The company is expected to report its next earnings report before the market opens on Wednesday, May 1st.

On average, analysts expect that NiSource will report full-year earnings of $1.30 per share for the current year, with EPS estimates ranging from $1.29 to $1.31. For the next financial year, analysts forecast that the business will report earnings of $1.38 per share, with EPS estimates ranging from $1.36 to $1.43. Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover NiSource.

NiSource (NYSE:NI) last issued its quarterly earnings data on Wednesday, February 20th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. NiSource had a positive return on equity of 9.69% and a negative net margin of 0.99%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period last year, the company earned $0.33 earnings per share.

Several equities research analysts recently commented on NI shares. ValuEngine raised NiSource from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Guggenheim raised NiSource from a “neutral” rating to a “buy” rating in a research note on Monday, January 7th. Zacks Investment Research cut NiSource from a “hold” rating to a “sell” rating in a research note on Tuesday. Goldman Sachs Group raised NiSource from a “neutral” rating to a “buy” rating and raised their price objective for the company from $26.00 to $29.00 in a research note on Monday, April 8th. Finally, KeyCorp reissued a “buy” rating and issued a $28.50 price objective on shares of NiSource in a research note on Tuesday, February 5th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.85.

Shares of NI opened at $27.56 on Tuesday. NiSource has a 1 year low of $23.23 and a 1 year high of $28.85. The company has a quick ratio of 0.40, a current ratio of 0.51 and a debt-to-equity ratio of 1.46. The stock has a market cap of $10.29 billion, a PE ratio of 21.20, a P/E/G ratio of 3.53 and a beta of 0.28.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Tuesday, April 30th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 2.90%. NiSource’s dividend payout ratio (DPR) is presently 61.54%.

Large investors have recently made changes to their positions in the stock. Wetherby Asset Management Inc. lifted its holdings in NiSource by 4.4% during the fourth quarter. Wetherby Asset Management Inc. now owns 9,826 shares of the utilities provider’s stock worth $249,000 after acquiring an additional 414 shares during the period. Trust Co. of Vermont raised its stake in shares of NiSource by 12.7% in the fourth quarter. Trust Co. of Vermont now owns 3,685 shares of the utilities provider’s stock valued at $93,000 after buying an additional 414 shares during the period. LPL Financial LLC raised its stake in shares of NiSource by 2.3% in the fourth quarter. LPL Financial LLC now owns 22,766 shares of the utilities provider’s stock valued at $577,000 after buying an additional 518 shares during the period. Advisor Group Inc. raised its stake in shares of NiSource by 6.0% in the fourth quarter. Advisor Group Inc. now owns 9,292 shares of the utilities provider’s stock valued at $236,000 after buying an additional 524 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of NiSource by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 19,700 shares of the utilities provider’s stock valued at $565,000 after buying an additional 600 shares during the period. 93.44% of the stock is currently owned by institutional investors.

NiSource Company Profile

NiSource Inc, an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and Electric Operations. It provides natural gas service and transportation for residential, commercial, and industrial customers; generates, transmits, and distributes electricity; and wholesale and transmission transaction services.

Further Reading: How Do Mutual Funds Work?

Get a free copy of the Zacks research report on NiSource (NI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for NiSource (NYSE:NI)

Receive News & Ratings for NiSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NiSource and related companies with MarketBeat.com's FREE daily email newsletter.