Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Releases Earnings Results, Hits Expectations

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) released its quarterly earnings results on Thursday. The utilities provider reported $0.06 EPS for the quarter, hitting analysts’ consensus estimates of $0.06, FiscalAI 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 company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.19 billion.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Up 5.4%

Shares of SBS stock traded up $0.24 during trading on Friday, reaching $4.80. The company’s stock had a trading volume of 19,936,125 shares, compared to its average volume of 14,296,474. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 1.02. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp has a one year low of $4.34 and a one year high of $7.16. The business has a fifty day moving average price of $5.45 and a 200-day moving average price of $55.82. The company has a market cap of $16.91 billion, a price-to-earnings ratio of 7.70, a price-to-earnings-growth ratio of 3.43 and a beta of 0.79.

Analyst Upgrades and Downgrades

SBS has been the subject of several research analyst reports. Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research report 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 downgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “buy” rating to a “hold” rating in a report on Monday, August 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average 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 sanitation company established in 1973. It provides essential water and wastewater services to communities across the state of São Paulo.

The company treats and distributes water and collects and treats sewage. Its customers include residential, commercial and industrial users, as well as municipalities that rely on its water and sanitation infrastructure.

Sabesp serves the city of São Paulo and other municipalities throughout the state.