Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) announced its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02), Zacks reports. The business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.23 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a return on equity of 14.03% and a net margin of 23.93%.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Down 1.3%

Shares of SBS stock traded down $0.07 during trading hours on Monday, reaching $5.12. 1,441,348 shares of the stock were exchanged, compared to its average volume of 7,215,163. The firm has a market capitalization of $18.00 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 3.96 and a beta of 0.67. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a 12-month low of $4.43 and a 12-month high of $7.16. The company’s 50-day moving average price is $5.17 and its 200-day moving average price is $45.82. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.02.

Analysts Set New Price Targets

A number of brokerages have commented on SBS. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 28th. Weiss Ratings downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research report on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

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

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and wastewater utility headquartered in São Paulo. The company provides treated water production and distribution, sewage collection, wastewater treatment, and related sanitation services to residential, commercial, and industrial customers.

Sabesp operates primarily in the state of São Paulo, including the São Paulo metropolitan region and municipalities served under concession or service agreements.