St. Joe (NYSE:JOE) Announces Quarterly Earnings Results

St. Joe (NYSE:JOE) released its quarterly earnings data on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $156.19 million during the quarter. St. Joe had a return on equity of 15.65% and a net margin of 22.32%.

St. Joe Price Performance

Shares of NYSE JOE traded down $2.75 during mid-day trading on Friday, hitting $69.05. 184,783 shares of the stock traded hands, compared to its average volume of 235,159. The firm has a 50 day simple moving average of $66.53 and a two-hundred day simple moving average of $66.00. St. Joe has a twelve month low of $53.99 and a twelve month high of $73.54. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.84. The company has a market cap of $3.93 billion, a PE ratio of 32.61 and a beta of 1.28.

St. Joe Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 11th. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, November 12th. This is a boost from St. Joe’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.0%. St. Joe’s payout ratio is presently 29.91%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of St. Joe from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. One analyst has rated the stock with a Buy rating. According to data from MarketBeat, St. Joe presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On St. Joe

Institutional investors and hedge funds have recently made changes to their positions in the business. Accordant Advisory Group Inc boosted its position in shares of St. Joe by 0.8% during the third quarter. Accordant Advisory Group Inc now owns 101,513 shares of the financial services provider’s stock worth $6,678,000 after acquiring an additional 837 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in St. Joe during the 3rd quarter valued at about $326,000. Sterling Capital Management LLC lifted its position in shares of St. Joe by 836.5% during the third quarter. Sterling Capital Management LLC now owns 1,283 shares of the financial services provider’s stock valued at $84,000 after buying an additional 1,146 shares during the last quarter. Vest Financial LLC increased its position in St. Joe by 3.5% during the 3rd quarter. Vest Financial LLC now owns 30,544 shares of the financial services provider’s stock valued at $2,009,000 after buying an additional 1,029 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in St. Joe by 6.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,700 shares of the financial services provider’s stock worth $178,000 after acquiring an additional 153 shares during the period. Institutional investors own 86.67% of the company’s stock.

About St. Joe

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company plans, develops and manages residential, commercial and hospitality properties, with activities concentrated in the communities and coastal markets surrounding Panama City and Destin.

St. Joe’s residential business includes the development of master-planned communities and residential neighborhoods, while its commercial activities include office, retail, medical and industrial properties.