South Jersey Industries (SJI) Earning Somewhat Favorable News Coverage, Accern Reports

News coverage about South Jersey Industries (NYSE:SJI) has trended somewhat positive on Monday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. South Jersey Industries earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 46.8117594531132 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

A number of brokerages have recently weighed in on SJI. Morgan Stanley increased their price target on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. Janney Montgomery Scott upgraded South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. BidaskClub cut South Jersey Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research cut South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $37.00 in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. South Jersey Industries presently has an average rating of “Hold” and a consensus target price of $38.00.

South Jersey Industries (NYSE SJI) traded down $0.14 on Monday, reaching $33.68. The company had a trading volume of 258,795 shares, compared to its average volume of 335,106. South Jersey Industries has a 12-month low of $31.39 and a 12-month high of $38.40. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 0.97. The firm has a market cap of $2,680.00, a PE ratio of 29.41, a P/E/G ratio of 3.81 and a beta of 0.70.

South Jersey Industries (NYSE:SJI) last posted its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. The business had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. equities analysts predict that South Jersey Industries will post 1.18 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Monday, December 11th will be given a $0.28 dividend. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Friday, December 8th. South Jersey Industries’s dividend payout ratio (DPR) is currently 227.08%.

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South Jersey Industries Company Profile

South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

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