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

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) posted its quarterly earnings data on Wednesday, August 12th. The utilities provider reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.23 billion.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 0.3%

SBS stock opened at $5.16 on Friday. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.43 and a one year high of $7.16. The firm has a market cap of $18.14 billion, a PE ratio of 14.45, a PEG ratio of 4.13 and a beta of 0.67. The firm’s 50 day moving average price is $5.18 and its 200-day moving average price is $46.79. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.47 and a current ratio of 1.47.

Analyst Ratings Changes

SBS has been the subject of several recent research reports. Weiss Ratings downgraded Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Zacks Research downgraded 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. Finally, 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 report on Monday, August 17th. Two research analysts have rated the stock with a Buy rating and one has issued 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 an average target price 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 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.