St. Joe Company (The) (JOE) to Release Quarterly Earnings on Wednesday

St. Joe Company (The) (NYSE:JOE) will announce its earnings results after the market closes on Wednesday, November 1st.

St. Joe Company (The) (NYSE:JOE) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $30.40 million for the quarter. On average, analysts expect St. Joe Company (The) to post $0.25 EPS for the current fiscal year and $0.08 EPS for the next fiscal year.

Shares of St. Joe Company (JOE) opened at 18.00 on Tuesday. St. Joe Company has a 12 month low of $16.30 and a 12 month high of $21.90. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 64.52 and a beta of 0.87. The stock’s 50 day moving average is $18.55 and its 200 day moving average is $18.30.

St. Joe Company (The) declared that its Board of Directors has authorized a stock buyback plan on Thursday, September 21st that authorizes the company to repurchase $66.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

JOE has been the topic of several research reports. BidaskClub downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of St. Joe Company (The) from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 16th.

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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.

Earnings History for St. Joe Company (The) (NYSE:JOE)

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