Sabesp (SBS) Hits New 1-Year High and Low at $7.36

Sabesp (NYSE:SBS)’s share price hit a new 52-week high and low on Thursday . The company traded as low as $7.36 and last traded at $7.35, with a volume of 81166 shares changing hands. The stock had previously closed at $7.50.

SBS has been the topic of a number of research reports. Scotiabank upgraded Sabesp from a “sector perform” rating to an “outperform” rating in a report on Tuesday. ValuEngine raised Sabesp from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 28th. Citigroup raised Sabesp from a “sell” rating to a “neutral” rating in a research note on Monday. Janney Montgomery Scott cut Sabesp from a “buy” rating to a “neutral” rating in a research note on Monday, March 12th. Finally, Zacks Investment Research raised Sabesp from a “sell” rating to a “hold” rating in a research note on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Sabesp currently has an average rating of “Hold”.

The company has a market cap of $5.18 billion, a P/E ratio of 6.43 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.07 and a quick ratio of 0.94.

Sabesp (NYSE:SBS) last announced its quarterly earnings results on Tuesday, March 27th. The utilities provider reported $0.28 EPS for the quarter. The business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Sabesp had a return on equity of 13.98% and a net margin of 16.48%. equities analysts anticipate that Sabesp will post 1.17 earnings per share for the current year.

The company also recently declared a special dividend, which will be paid on Friday, July 6th. Investors of record on Tuesday, May 1st will be paid a $0.3115 dividend. The ex-dividend date is Monday, April 30th. Sabesp’s payout ratio is 20.69%.

Institutional investors have recently made changes to their positions in the business. Lenox Wealth Management Inc. boosted its position in Sabesp by 32.7% during the fourth quarter. Lenox Wealth Management Inc. now owns 73,956 shares of the utilities provider’s stock worth $773,000 after purchasing an additional 18,206 shares during the period. Lazard Asset Management LLC boosted its position in Sabesp by 138.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,133,818 shares of the utilities provider’s stock worth $11,848,000 after purchasing an additional 657,441 shares during the period. Thomas White International Ltd. boosted its position in Sabesp by 5.8% during the fourth quarter. Thomas White International Ltd. now owns 123,611 shares of the utilities provider’s stock worth $1,292,000 after purchasing an additional 6,759 shares during the period. Raymond James & Associates boosted its position in Sabesp by 8.3% during the fourth quarter. Raymond James & Associates now owns 245,604 shares of the utilities provider’s stock worth $2,567,000 after purchasing an additional 18,854 shares during the period. Finally, Lake Street Advisors Group LLC bought a new stake in Sabesp during the fourth quarter worth approximately $110,000. 16.03% of the stock is owned by hedge funds and other institutional investors.

About Sabesp

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

Receive News & Ratings for Sabesp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabesp and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit