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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) released its quarterly earnings results on Wednesday, August 12th. The utilities provider reported $0.07 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 return on equity of 14.03% and a net margin of 23.93%.The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.23 billion.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Trading Up 2.2%

Shares of SBS stock opened at $5.38 on Friday. The firm has a 50 day moving average price of $5.12 and a two-hundred day moving average price of $41.77. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $18.91 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 4.03 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. 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 research report on Friday, August 21st. Wall Street Zen lowered shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a research note on Monday, August 17th. Finally, Zacks Research lowered 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. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp presently has a consensus rating of “Moderate Buy” and an average price target of $183.00.

About Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and wastewater services company headquartered in São Paulo. Its principal activities include the collection, treatment and distribution of drinking water, as well as the collection, treatment and disposal of sewage.

Sabesp supplies residential, commercial, industrial and public-sector customers. The company also operates and maintains water-production, distribution and wastewater-treatment infrastructure, and provides related services such as connections, metering and customer support.

Established in 1973, Sabesp has historically served hundreds of municipalities in the state of São Paulo, including the São Paulo metropolitan region, and has been one of Brazil’s largest sanitation companies by population served.