Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Releases Earnings Results, Beats Expectations By $0.43 EPS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) issued its quarterly earnings results on Monday. The utilities provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.43, Zacks reports. The business had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Performance

SBS traded down $0.15 during midday trading on Wednesday, reaching $17.71. The company had a trading volume of 26,573 shares, compared to its average volume of 1,015,284. The business has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $16.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12-month low of $13.10 and a 12-month high of $18.36. The stock has a market cap of $12.10 billion, a PE ratio of 6.97 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.