Wall Street analysts predict that South Jersey Industries Inc (NYSE:SJI) will announce $0.42 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for South Jersey Industries’ earnings, with estimates ranging from $0.39 to $0.44. South Jersey Industries reported earnings of $0.39 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.7%. The business is expected to issue its next quarterly earnings report on Wednesday, February 26th.
On average, analysts expect that South Jersey Industries will report full year earnings of $1.09 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.10. For the next financial year, analysts expect that the business will report earnings of $1.51 per share, with EPS estimates ranging from $1.42 to $1.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow South Jersey Industries.
South Jersey Industries (NYSE:SJI) last posted its earnings results on Wednesday, November 6th. The utilities provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.03). The business had revenue of $261.20 million for the quarter, compared to analysts’ expectations of $253.87 million. South Jersey Industries had a net margin of 8.81% and a return on equity of 6.56%. During the same period last year, the firm posted ($0.27) earnings per share. South Jersey Industries’s quarterly revenue was down 13.6% on a year-over-year basis.
SJI has been the subject of several research reports. Morgan Stanley decreased their price objective on shares of South Jersey Industries from $32.00 to $31.00 and set an “equal weight” rating for the company in a report on Friday, November 8th. Maxim Group reaffirmed a “buy” rating and set a $40.00 target price on shares of South Jersey Industries in a research note on Friday, November 8th. ValuEngine cut shares of South Jersey Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 24th. TheStreet downgraded shares of South Jersey Industries from a “b-” rating to a “c+” rating in a research note on Friday, August 23rd. Finally, JPMorgan Chase & Co. downgraded shares of South Jersey Industries from an “overweight” rating to a “neutral” rating and set a $32.00 price target for the company. in a research note on Monday, August 5th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. South Jersey Industries presently has an average rating of “Hold” and an average target price of $35.00.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Metropolitan Life Insurance Co NY boosted its holdings in shares of South Jersey Industries by 1.3% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 29,397 shares of the utilities provider’s stock valued at $967,000 after buying an additional 391 shares in the last quarter. Man Group plc bought a new position in shares of South Jersey Industries in the 3rd quarter worth about $2,632,000. Voloridge Investment Management LLC bought a new position in shares of South Jersey Industries in the 3rd quarter worth about $847,000. California State Teachers Retirement System lifted its position in South Jersey Industries by 1.5% during the 3rd quarter. California State Teachers Retirement System now owns 144,754 shares of the utilities provider’s stock valued at $4,764,000 after acquiring an additional 2,129 shares during the period. Finally, Catalyst Capital Advisors LLC purchased a new position in South Jersey Industries during the 3rd quarter valued at about $497,000. Institutional investors and hedge funds own 81.71% of the company’s stock.
NYSE:SJI traded down $0.07 during trading hours on Thursday, hitting $30.99. The company had a trading volume of 4,440 shares, compared to its average volume of 472,465. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.25 and a quick ratio of 0.21. The stock has a 50-day moving average price of $31.29 and a 200 day moving average price of $32.36. The company has a market capitalization of $2.87 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. South Jersey Industries has a 52 week low of $26.06 and a 52 week high of $34.48.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.81%. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.29. The ex-dividend date is Monday, December 9th. South Jersey Industries’s dividend payout ratio is presently 83.33%.
South Jersey Industries Company Profile
South Jersey Industries, Inc, through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.
See Also: Price to Earnings Ratio (PE)
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