Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Issues Earnings Results

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) posted its earnings results on Wednesday. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Zacks reports. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 24.25% and a return on equity of 16.38%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Price Performance

NYSE SBS opened at $5.07 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a twelve month low of $4.18 and a twelve month high of $7.16. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.73 and a current ratio of 1.74. The stock has a market capitalization of $17.84 billion, a PE ratio of 13.22, a P/E/G ratio of 4.28 and a beta of 0.68. The stock has a 50-day simple moving average of $5.57 and a 200 day simple moving average of $76.80.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SBS shares. Wall Street Zen upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $183.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Arax Advisory Partners bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter worth $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the 4th quarter worth $44,000. EverSource Wealth Advisors LLC grew its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 246.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,342 shares of the utilities provider’s stock worth $51,000 after purchasing an additional 1,666 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 4th quarter worth about $54,000. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the fourth quarter valued at about $86,000. 10.62% of the stock is currently owned by institutional investors and hedge funds.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.