Shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $20.59, but opened at $19.79. Companhia de Saneamento Básico do Estado de São Paulo - SABESP shares last traded at $20.06, with a volume of 452,597 shares traded.
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 report on Friday.
Read Our Latest Stock Report on SBS
Companhia de Saneamento Básico do Estado de São Paulo - SABESP Stock Performance
The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The firm has a market cap of $13.67 billion, a price-to-earnings ratio of 7.86 and a beta of 0.81. The company has a fifty day moving average price of $18.30 and a two-hundred day moving average price of $16.65.
Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS - Get Free Report) last announced its quarterly earnings data on Monday, March 24th. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.43. The business had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 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%. As a group, equities research analysts expect that Companhia de Saneamento Básico do Estado de São Paulo - SABESP will post 2.17 EPS for the current year.
Institutional Trading of Companhia de Saneamento Básico do Estado de São Paulo - SABESP
Several institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth $26,000. Banque Cantonale Vaudoise acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the first quarter worth $44,000. J.Safra Asset Management Corp acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth $54,000. Headlands Technologies LLC acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the first quarter worth $54,000. Finally, R Squared Ltd acquired a new stake in shares of Companhia de Saneamento Básico do Estado de São Paulo - SABESP during the fourth quarter worth $66,000. Institutional investors and hedge funds own 10.62% of the company's stock.
About Companhia de Saneamento Básico do Estado de São Paulo - SABESP
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Companhia de Saneamento Básico do Estado de São Paulo - SABESP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Companhia de Saneamento Básico do Estado de São Paulo - SABESP wasn't on the list.
While Companhia de Saneamento Básico do Estado de São Paulo - SABESP currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
