South Jersey Industries (NYSE:SJI) issued its quarterly earnings data on Thursday. The utilities provider reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.08, Briefing.com reports. The company had revenue of $345.74 million for the quarter, compared to analysts’ expectations of $336.19 million. South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. During the same quarter in the previous year, the firm posted $0.42 earnings per share. South Jersey Industries updated its FY18 guidance to $1.57-1.65 EPS.
South Jersey Industries (SJI) traded up $0.81 during trading hours on Friday, hitting $27.15. The company had a trading volume of 868,740 shares, compared to its average volume of 538,719. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.38 and a current ratio of 0.47. South Jersey Industries has a fifty-two week low of $25.96 and a fifty-two week high of $38.40. The firm has a market capitalization of $2,160.00, a PE ratio of 56.56, a price-to-earnings-growth ratio of 1.82 and a beta of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Monday, March 19th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Friday, March 16th. South Jersey Industries’s dividend payout ratio (DPR) is 233.33%.
A number of research analysts have commented on the company. Hilliard Lyons cut South Jersey Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 22nd. Morgan Stanley reduced their price objective on South Jersey Industries from $35.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 13th. JPMorgan Chase & Co. reduced their price objective on South Jersey Industries from $35.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, January 25th. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Finally, TheStreet cut South Jersey Industries from a “b-” rating to a “c+” rating in a research note on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $34.00.
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About South Jersey Industries
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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