Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Releases Earnings Results, Beats Estimates By $0.43 EPS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) announced its earnings results on Monday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.43, Zacks reports. The company had revenue of $981.20 million for the quarter, compared to analysts’ expectations of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 3.8 %

NYSE:SBS opened at $17.88 on Wednesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $13.10 and a 52 week high of $18.36. The firm has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $16.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market cap of $12.22 billion, a price-to-earnings ratio of 7.04 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.