Analysts Expect NiSource Inc. (NYSE:NI) Will Announce Quarterly Sales of $1.51 Billion

Wall Street analysts forecast that NiSource Inc. (NYSE:NI) will report $1.51 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for NiSource’s earnings, with the highest sales estimate coming in at $1.52 billion and the lowest estimate coming in at $1.50 billion. NiSource posted sales of $1.46 billion during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is expected to report its next quarterly earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that NiSource will report full-year sales of $5.32 billion for the current year, with estimates ranging from $5.30 billion to $5.35 billion. For the next financial year, analysts expect that the firm will report sales of $5.63 billion, with estimates ranging from $5.56 billion to $5.70 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for NiSource.

NiSource (NYSE:NI) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.00 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.04). The company had revenue of $931.50 million during the quarter, compared to analyst estimates of $939.83 million. NiSource had a return on equity of 9.70% and a net margin of 9.70%. During the same period in the prior year, the business earned $0.10 earnings per share.

Several equities analysts have weighed in on NI shares. Credit Suisse Group set a $29.00 target price on shares of NiSource and gave the company a “hold” rating in a report on Friday, November 1st. UBS Group cut their price target on shares of NiSource from $30.00 to $28.00 and set a “neutral” rating for the company in a report on Wednesday. Barclays raised shares of NiSource from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $32.00 to $31.00 in a research report on Thursday, October 31st. Finally, ValuEngine upgraded NiSource from a “sell” rating to a “hold” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. NiSource presently has a consensus rating of “Hold” and an average target price of $29.36.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nuveen Asset Management LLC acquired a new stake in shares of NiSource in the 2nd quarter valued at $77,273,000. Millennium Management LLC increased its stake in shares of NiSource by 1,533.0% during the third quarter. Millennium Management LLC now owns 1,873,550 shares of the utilities provider’s stock worth $56,056,000 after purchasing an additional 1,758,821 shares in the last quarter. Zimmer Partners LP raised its position in shares of NiSource by 12.1% during the 3rd quarter. Zimmer Partners LP now owns 14,725,914 shares of the utilities provider’s stock worth $440,599,000 after purchasing an additional 1,584,709 shares during the last quarter. Luminus Management LLC raised its position in shares of NiSource by 117.6% during the 2nd quarter. Luminus Management LLC now owns 2,666,933 shares of the utilities provider’s stock worth $76,808,000 after purchasing an additional 1,441,055 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in NiSource by 500.8% in the 3rd quarter. Retirement Systems of Alabama now owns 1,045,295 shares of the utilities provider’s stock valued at $31,275,000 after buying an additional 871,298 shares in the last quarter. Hedge funds and other institutional investors own 91.18% of the company’s stock.

NiSource stock traded up $0.15 during midday trading on Monday, hitting $26.80. 3,313,925 shares of the stock were exchanged, compared to its average volume of 3,067,345. The company has a current ratio of 0.41, a quick ratio of 0.28 and a debt-to-equity ratio of 1.58. The stock’s 50-day simple moving average is $26.98 and its 200 day simple moving average is $28.57. NiSource has a fifty-two week low of $24.36 and a fifty-two week high of $30.67. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 3.87 and a beta of 0.20.

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.

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Earnings History and Estimates for NiSource (NYSE:NI)

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