Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Shares Gap Up to $13.17

Companhia de Saneamento Bsc DEDSP (NYSE:SBS)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $12.53, but opened at $13.17. Companhia de Saneamento Bsc DEDSP shares last traded at $13.81, with a volume of 2,316,980 shares.

A number of brokerages recently commented on SBS. Zacks Investment Research raised HAYS PLC/ADR from a “sell” rating to a “hold” rating in a report on Tuesday, June 18th. ValuEngine lowered Zuora from a “buy” rating to a “hold” rating in a research note on Saturday, June 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.00.

The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 12.67 and a beta of 0.98. The stock has a 50 day simple moving average of $11.96.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last issued its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Companhia de Saneamento Bsc DEDSP had a return on equity of 14.83% and a net margin of 17.69%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. As a group, analysts forecast that Companhia de Saneamento Bsc DEDSP will post 1.13 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Monday, July 8th. Shareholders of record on Wednesday, May 1st were paid a $0.2999 dividend. The ex-dividend date of this dividend was Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s payout ratio is presently 22.02%.

A number of hedge funds have recently modified their holdings of the business. Creative Planning increased its stake in Companhia de Saneamento Bsc DEDSP by 10.8% in the 1st quarter. Creative Planning now owns 11,192 shares of the utilities provider’s stock worth $118,000 after buying an additional 1,091 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Companhia de Saneamento Bsc DEDSP by 31.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 13,280 shares of the utilities provider’s stock worth $141,000 after buying an additional 3,200 shares in the last quarter. Pictet Asset Management Ltd. increased its stake in Companhia de Saneamento Bsc DEDSP by 0.5% in the 1st quarter. Pictet Asset Management Ltd. now owns 616,989 shares of the utilities provider’s stock worth $6,659,000 after buying an additional 3,249 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Companhia de Saneamento Bsc DEDSP by 4.6% in the 1st quarter. Rockefeller Capital Management L.P. now owns 78,993 shares of the utilities provider’s stock worth $836,000 after buying an additional 3,508 shares in the last quarter. Finally, Advisor Group Inc. grew its position in shares of Companhia de Saneamento Bsc DEDSP by 103.2% during the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 4,599 shares in the last quarter.

Companhia de Saneamento Bsc DEDSP Company Profile (NYSE:SBS)

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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