South Jersey Industries (NYSE:SJI) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.57-1.65 for the period, compared to the Thomson Reuters consensus estimate of $1.45.
Several equities analysts recently commented on the company. Morgan Stanley dropped their target price on South Jersey Industries from $35.00 to $30.00 and set an equal weight rating on the stock in a report on Tuesday, February 13th. Zacks Investment Research lowered South Jersey Industries from a hold rating to a sell rating in a report on Wednesday, November 8th. Guggenheim reissued a hold rating and issued a $32.00 target price on shares of South Jersey Industries in a report on Wednesday, January 3rd. Sidoti lowered South Jersey Industries from a buy rating to a neutral rating and set a $34.00 target price on the stock. in a report on Monday, January 8th. Finally, Hilliard Lyons lowered South Jersey Industries from a buy rating to a hold rating in a report on Monday, January 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of $34.00.
Shares of South Jersey Industries (SJI) traded up $0.23 during mid-day trading on Thursday, hitting $26.34. The company’s stock had a trading volume of 718,375 shares, compared to its average volume of 528,074. The stock has a market capitalization of $2,100.00, a price-to-earnings ratio of 54.88, a price-to-earnings-growth ratio of 1.83 and a beta of 0.57. South Jersey Industries has a 12 month low of $25.96 and a 12 month high of $38.40. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.38 and a current ratio of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 19th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, March 16th. South Jersey Industries’s payout ratio is 233.33%.
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South Jersey Industries Company Profile
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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