Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) Announces Earnings Results

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01), Zacks reports. The business 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 return on equity of 27.73% and a net margin of 25.62%.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP Trading Up 0.8%

Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP stock traded up $0.16 during trading hours on Friday, hitting $20.51. The company's stock had a trading volume of 752,460 shares, compared to its average volume of 1,100,593. Companhia de Saneamento Básico do Estado de São Paulo - SABESP has a 12 month low of $13.10 and a 12 month high of $20.92. The stock has a 50 day moving average of $18.69 and a 200 day moving average of $16.80. The company has a market capitalization of $14.02 billion, a PE ratio of 8.07 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13.

Analyst Ratings Changes

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo - SABESP from a "buy" rating to a "hold" rating in a research note 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.