Somewhat Positive Press Coverage Somewhat Unlikely to Impact St. Joe Company (The) (JOE) Stock Price

Press coverage about St. Joe Company (The) (NYSE:JOE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. St. Joe Company (The) earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.1146369572578 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently issued reports on JOE. BidaskClub cut shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research cut shares of St. Joe Company (The) from a “strong-buy” rating to a “hold” rating in a report on Monday, October 16th.

St. Joe Company (JOE) traded up 0.56% on Friday, reaching $18.10. 198,132 shares of the company’s stock were exchanged. The firm has a market cap of $1.27 billion, a PE ratio of 64.87 and a beta of 0.87. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The firm’s 50-day moving average is $18.56 and its 200-day moving average is $18.27.

St. Joe Company (The) (NYSE:JOE) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. St. Joe Company (The) had a net margin of 23.02% and a return on equity of 3.08%. The company had revenue of $30.40 million during the quarter. On average, equities analysts forecast that St. Joe Company will post $0.25 earnings per share for the current year.

St. Joe Company (The) declared that its Board of Directors has approved a share repurchase plan on Thursday, September 21st that permits the company to repurchase $66.00 million in shares. This repurchase authorization permits the financial services provider to buy up to 5.2% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

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About St. Joe Company (The)

The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.

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