Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS) Posts Quarterly Earnings Results

Key Points

• Sabesp reported quarterly EPS of $0.06, matching analyst estimates, while revenue of $1.15 billion came in below the $1.19 billion consensus.
• The company posted a 23.93% net margin and 14.03% return on equity; its shares rose 5.4% in Friday midday trading.
• Several research firms recently downgraded their ratings, though MarketBeat’s overall analyst consensus remained “Moderate Buy”, with a stated price target of $183.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp (NYSE:SBS - Get Free Report) issued its earnings results on Thursday. The utilities provider reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06, FiscalAI reports. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.19 billion. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp had a net margin of 23.93% and a return on equity of 14.03%.

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp Trading Up 5.4%

Shares of NYSE SBS traded up $0.24 during midday trading on Friday, reaching $4.80. 19,936,125 shares of the stock were exchanged, compared to its average volume of 14,296,474. The business has a 50-day simple moving average of $5.45 and a two-hundred day simple moving average of $55.82. The company has a market capitalization of $16.91 billion, a price-to-earnings ratio of 7.70, a P/E/G ratio of 3.43 and a beta of 0.79. Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp has a 12 month low of $4.34 and a 12 month high of $7.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.47 and a quick ratio of 1.47.

Analyst Upgrades and Downgrades

SBS has been the topic of several analyst reports. Weiss Ratings lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy (b)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Wall Street Zen lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "buy" rating to a "hold" rating in a research report on Monday, August 17th. Finally, Zacks Research lowered Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $183.00.

About Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp

Companhia de Saneamento Básico do Estado de São Paulo, known as Sabesp, is a Brazilian water and sanitation company established in 1973. It provides essential water and wastewater services to communities across the state of São Paulo.

The company treats and distributes water and collects and treats sewage. Its customers include residential, commercial and industrial users, as well as municipalities that rely on its water and sanitation infrastructure.

Sabesp serves the city of São Paulo and other municipalities throughout the state.

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