Zacks: Analysts Anticipate South Jersey Industries Inc (SJI) to Announce -$0.18 EPS
Wall Street brokerages predict that South Jersey Industries Inc (NYSE:SJI) will announce earnings per share of ($0.18) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for South Jersey Industries’ earnings, with the highest EPS estimate coming in at ($0.10) and the lowest estimate coming in at ($0.30). South Jersey Industries reported earnings per share of ($0.05) during the same quarter last year, which suggests a negative year over year growth rate of 260%. The firm is scheduled to issue its next earnings report on Thursday, November 1st.
On average, analysts expect that South Jersey Industries will report full year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.58 to $1.63. For the next financial year, analysts forecast that the business will report earnings of $1.71 per share, with EPS estimates ranging from $1.66 to $1.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for South Jersey Industries.
South Jersey Industries (NYSE:SJI) last announced its earnings results on Wednesday, August 8th. The utilities provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The business had revenue of $227.33 million for the quarter, compared to analyst estimates of $254.54 million. South Jersey Industries had a positive return on equity of 11.36% and a negative net margin of 1.22%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS.
NYSE SJI traded up $0.50 during trading on Friday, reaching $36.00. The company’s stock had a trading volume of 1,271,764 shares, compared to its average volume of 471,600. The firm has a market capitalization of $3.08 billion, a P/E ratio of 29.27, a P/E/G ratio of 1.84 and a beta of 0.50. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. South Jersey Industries has a one year low of $25.96 and a one year high of $36.10.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 2nd. Stockholders of record on Monday, September 10th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 7th. This represents a $1.12 annualized dividend and a dividend yield of 3.11%. South Jersey Industries’s dividend payout ratio (DPR) is presently 91.06%.
In other news, Director Sunita Holzer acquired 1,500 shares of South Jersey Industries stock in a transaction dated Monday, August 27th. The shares were purchased at an average cost of $32.88 per share, for a total transaction of $49,320.00. Following the transaction, the director now owns 25,866 shares of the company’s stock, valued at $850,474.08. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.64% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Northern Trust Corp boosted its holdings in South Jersey Industries by 8.8% during the 2nd quarter. Northern Trust Corp now owns 1,064,690 shares of the utilities provider’s stock valued at $35,635,000 after acquiring an additional 86,383 shares during the period. FMR LLC boosted its holdings in South Jersey Industries by 79.9% during the 2nd quarter. FMR LLC now owns 3,725,457 shares of the utilities provider’s stock valued at $124,692,000 after acquiring an additional 1,655,127 shares during the period. Bank of New York Mellon Corp boosted its holdings in South Jersey Industries by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,476,797 shares of the utilities provider’s stock valued at $49,428,000 after acquiring an additional 53,211 shares during the period. Verition Fund Management LLC purchased a new stake in South Jersey Industries during the 2nd quarter valued at about $235,000. Finally, Millennium Management LLC boosted its holdings in South Jersey Industries by 133.6% during the 2nd quarter. Millennium Management LLC now owns 679,434 shares of the utilities provider’s stock valued at $22,741,000 after acquiring an additional 388,535 shares during the period. Hedge funds and other institutional investors own 85.11% of the company’s stock.
South Jersey Industries Company Profile
South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.
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