Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) released its quarterly earnings results on Monday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01), Zacks reports. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $7.67 billion. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a net margin of 25.62% and a return on equity of 27.73%.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Price Performance

Shares of NYSE SBS traded up $0.05 during midday trading on Thursday, hitting $20.35. The stock had a trading volume of 1,115,127 shares, compared to its average volume of 1,096,422. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 0.56. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 1 year low of $13.10 and a 1 year high of $20.92. The company has a market capitalization of $13.91 billion, a PE ratio of 8.01 and a beta of 0.81. The stock has a 50 day simple moving average of $18.53 and a 200-day simple moving average of $16.73.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research report on Friday, May 9th.

About Companhia de Saneamento Básico do Estado de São Paulo - SABESP

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.