Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Stock Scheduled to Reverse Split on Monday, May 4th (NYSE:SBS)

Key Points

• Companhia de Saneamento Básico do Estado de São Paulo (NYSE: SBS) will undergo a 1-for-5 reverse stock split before market open on Monday, May 4, with shareholders' share counts adjusted after the close on April 30.
• The company declared a special dividend of $0.4772 per share (reported yield 55.0%), payable on May 11 to shareholders of record on March 27, with an ex-dividend date of March 27.
• Analysts hold an average Buy rating on SBS with a consensus price target of $36.60.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Free Report)'s stock is set to reverse split before the market opens on Monday, May 4th. The 1-5 reverse split was announced on Wednesday, April 29th. The number of shares owned by shareholders will be adjusted after the closing bell on Thursday, April 30th.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Down 2.1%

NYSE SBS opened at $32.92 on Thursday. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a twelve month low of $18.88 and a twelve month high of $35.78. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $23.17 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 4.84 and a beta of 0.75. The firm's 50 day moving average price is $30.68 and its two-hundred day moving average price is $27.30.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The utilities provider reported $0.71 earnings per share for the quarter. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 23.64% and a return on equity of 15.76%. The firm had revenue of $1.03 billion for the quarter. Equities analysts anticipate that Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp will post 2.03 EPS for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, May 11th. Shareholders of record on Friday, March 27th will be given a dividend of $0.4772 per share. This represents a yield of 55.0%. The ex-dividend date is Friday, March 27th. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp's payout ratio is presently 4.57%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SBS shares. Zacks Research cut shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research report on Monday, April 13th. Weiss Ratings upgraded shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (a-)" rating in a research report on Tuesday, March 17th. Finally, Jefferies Financial Group started coverage on shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp in a research report on Thursday, March 19th. They set a "buy" rating and a $36.60 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $36.60.

Institutional Investors Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

A number of institutional investors have recently modified their holdings of SBS. Jane Street Group LLC boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 349.0% during the 1st quarter. Jane Street Group LLC now owns 152,113 shares of the utilities provider's stock valued at $2,717,000 after buying an additional 118,237 shares during the period. Cetera Investment Advisers boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 23.5% during the 2nd quarter. Cetera Investment Advisers now owns 12,516 shares of the utilities provider's stock valued at $275,000 after buying an additional 2,383 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 17.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 60,488 shares of the utilities provider's stock valued at $1,329,000 after buying an additional 9,169 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 18.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 50,001 shares of the utilities provider's stock valued at $1,099,000 after buying an additional 7,755 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp by 22.6% during the 2nd quarter. Invesco Ltd. now owns 1,002,308 shares of the utilities provider's stock valued at $22,021,000 after buying an additional 184,486 shares during the period. Institutional investors and hedge funds own 10.62% of the company's stock.

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

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.

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