Companhia de Saneamento Básico do Estado de São Paulo - SABESP (SBS) Stock Forecast, Price & News

Companhia de Saneamento Básico do Estado de São Paulo - SABESP's stock was trading at $10.66 at the beginning of 2023. Since then, SBS shares have increased by 2.8% and is now trading at $10.9550.
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP saw a decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,020,000 shares, a decline of 31.8% from the April 30th total of 4,430,000 shares. Based on an average daily volume of 1,780,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.4% of the company's shares are short sold.
View Companhia de Saneamento Básico do Estado de São Paulo - SABESP's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our SBS earnings forecast.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) posted its quarterly earnings data on Friday, March, 24th. The utilities provider reported $0.18 earnings per share for the quarter. The utilities provider earned $1.13 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo - SABESP had a trailing twelve-month return on equity of 10.51% and a net margin of 12.57%.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP declared a -- dividend on Friday, April 21st. Stockholders of record on Wednesday, May 3rd will be given a dividend of $0.2527 per share on Thursday, July 6th. This represents a yield of 2.2%. The ex-dividend date is Tuesday, May 2nd. This is an increase from the stock's previous -- dividend of $0.25.
Read our dividend analysis for SBS.

ETFs with the largest weight of Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) stock in their portfolio include iShares Emerging Markets Infrastructure ETF (EMIF), DJ Brookfield Global Infrastructure ETF (TOLZ), iShares Global Infrastructure ETF (IGF),

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) pays an annual dividend of $0.21 per share and currently has a dividend yield of 2.05%. The dividend payout ratio is 25.61%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SBS.

2 employees have rated Companhia de Saneamento Básico do Estado de São Paulo - SABESP Chief Executive Officer Gesner José de Oliveira Filho on Glassdoor.com. Gesner José de Oliveira Filho has an approval rating of 100% among the company's employees. This puts Gesner José de Oliveira Filho in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Companhia de Saneamento Básico do Estado de São Paulo - SABESP investors own include Vertex Pharmaceuticals (VRTX), MercadoLibre (MELI), Depomed (DEPO), Alphabet (GOOG), Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Associated British Foods (ABF) and Chaarat Gold (CGH).

Companhia de Saneamento Básico do Estado de São Paulo - SABESP trades on the New York Stock Exchange (NYSE) under the ticker symbol "SBS."

Companhia de Saneamento Básico do Estado de São Paulo - SABESP's stock is owned by many different retail and institutional investors. Top institutional shareholders include Impax Asset Management Group plc (0.00%), BlackRock Inc. (0.00%), Mackenzie Financial Corp (0.00%), First Trust Advisors LP (0.66%), Letko Brosseau & Associates Inc. (0.00%) and Renaissance Technologies LLC (0.00%).

Shares of SBS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SBS stock can currently be purchased for approximately $10.96.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP (NYSE:SBS) has a market capitalization of $7.49 billion and generates $22.88 billion in revenue each year. The utilities provider earns $604.59 million in net income (profit) each year or $0.82 on an earnings per share basis.

The company employs 12,299 workers across the globe.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP's mailing address is RUA COSTA CARVALHO 300, SP D5, 05429-900. The official website for the company is www.sabesp.com.br. The utilities provider can be reached via phone at 551133888000, via email at abairoldi@sabesp.com, or via fax at 55-11-3815-4465.