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.
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