South Jersey Industries (NYSE:SJI) Issues FY20 Earnings Guidance

South Jersey Industries (NYSE:SJI) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.53 to $1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.59. South Jersey Industries also updated its FY19 guidance to $1.05 to $1.15 EPS.

South Jersey Industries stock opened at $31.55 on Friday. South Jersey Industries has a 52-week low of $26.06 and a 52-week high of $36.72. The firm has a market cap of $2.91 billion, a PE ratio of 22.86, a price-to-earnings-growth ratio of 3.93 and a beta of 0.76. The company has a quick ratio of 0.41, a current ratio of 0.43 and a debt-to-equity ratio of 1.40.

South Jersey Industries (NYSE:SJI) last released its earnings results on Wednesday, May 8th. The utilities provider reported $1.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.14. South Jersey Industries had a net margin of 3.40% and a return on equity of 8.66%. The business had revenue of $637.30 million during the quarter, compared to analyst estimates of $571.00 million. Equities research analysts anticipate that South Jersey Industries will post 1.1 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be issued a $0.2875 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date of this dividend is Friday, June 7th. South Jersey Industries’s dividend payout ratio is currently 83.33%.

A number of brokerages recently issued reports on SJI. Morgan Stanley set a $31.00 price objective on shares of South Jersey Industries and gave the company a hold rating in a report on Thursday, May 16th. ValuEngine raised shares of South Jersey Industries from a hold rating to a buy rating in a research note on Monday, May 13th. Zacks Investment Research raised shares of South Jersey Industries from a strong sell rating to a hold rating in a report on Thursday, May 2nd. Finally, Maxim Group initiated coverage on shares of South Jersey Industries in a research report on Tuesday, April 16th. They set a buy rating and a $40.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. South Jersey Industries currently has a consensus rating of Buy and an average price target of $34.43.

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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.

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Earnings History and Estimates for South Jersey Industries (NYSE:SJI)

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