Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Shares Gap Down - What's Next?

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $20.61, but opened at $19.86. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp shares last traded at $19.98, with a volume of 1,187,562 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 2.6%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $13.73 billion, a P/E ratio of 7.48 and a beta of 0.73. The firm's fifty day simple moving average is $20.72 and its 200 day simple moving average is $18.13.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its earnings results on Monday, May 12th. The utilities provider reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $7.67 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a return on equity of 29.18% and a net margin of 28.70%. As a group, equities research analysts forecast that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.17 EPS for the current fiscal year.

Institutional Trading of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Affirmative Financial Network increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 3.3% during the 1st quarter. First Affirmative Financial Network now owns 17,932 shares of the utilities provider's stock valued at $320,000 after purchasing an additional 565 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 2.7% during the 4th quarter. Ameriprise Financial Inc. now owns 29,445 shares of the utilities provider's stock valued at $422,000 after purchasing an additional 776 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.9% during the 4th quarter. Quadrant Capital Group LLC now owns 12,964 shares of the utilities provider's stock valued at $186,000 after purchasing an additional 950 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 9.3% in the 4th quarter. Quantinno Capital Management LP now owns 14,573 shares of the utilities provider's stock worth $209,000 after acquiring an additional 1,237 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC grew its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 7.1% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,429 shares of the utilities provider's stock worth $278,000 after acquiring an additional 1,289 shares in the last quarter. Institutional investors own 10.62% of the company's stock.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Company Profile

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.

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