Companhia de Saneamento Bsc DEDSP (NYSE:SBS) Shares Cross Above Fifty Day Moving Average of $11.39

Companhia de Saneamento Bsc DEDSP (NYSE:SBS)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $11.39 and traded as high as $11.78. Companhia de Saneamento Bsc DEDSP shares last traded at $11.70, with a volume of 30,942 shares trading hands.

A number of analysts recently weighed in on SBS shares. Zacks Investment Research downgraded Companhia de Saneamento Bsc DEDSP from a “strong-buy” rating to a “sell” rating and set a $13.00 price target on the stock. in a research note on Tuesday, June 18th. ValuEngine upgraded Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research note on Saturday, June 1st. Two equities research analysts have rated the stock with a sell rating, two 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 price target of $13.00.

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.03. The firm has a market cap of $8.07 billion, a PE ratio of 11.17 and a beta of 0.99. The firm’s 50 day moving average is $11.38.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last posted its quarterly earnings results on Thursday, May 9th. The utilities provider reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.03). Companhia de Saneamento Bsc DEDSP had a net margin of 17.69% and a return on equity of 15.05%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1 billion. Equities analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 1.13 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, May 1st will be paid a $0.2999 dividend. The ex-dividend date is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s dividend payout ratio (DPR) is presently 22.02%.

Several institutional investors have recently bought and sold shares of SBS. Bank of New York Mellon Corp boosted its position in Companhia de Saneamento Bsc DEDSP by 65.3% during the third quarter. Bank of New York Mellon Corp now owns 99,075 shares of the utilities provider’s stock worth $585,000 after purchasing an additional 39,148 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in Companhia de Saneamento Bsc DEDSP during the fourth quarter worth $262,000. Acadian Asset Management LLC purchased a new stake in Companhia de Saneamento Bsc DEDSP during the fourth quarter worth $1,344,000. ETRADE Capital Management LLC boosted its position in Companhia de Saneamento Bsc DEDSP by 4.0% during the fourth quarter. ETRADE Capital Management LLC now owns 101,788 shares of the utilities provider’s stock worth $821,000 after purchasing an additional 3,956 shares in the last quarter. Finally, Advisor Group Inc. boosted its position in Companhia de Saneamento Bsc DEDSP by 103.2% during the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 4,599 shares in the last quarter.

Companhia de Saneamento Bsc DEDSP Company Profile (NYSE:SBS)

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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