-$0.28 EPS Expected for South Jersey Industries Inc (NYSE:SJI) This Quarter

Equities analysts predict that South Jersey Industries Inc (NYSE:SJI) will announce earnings of ($0.28) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for South Jersey Industries’ earnings, with the highest EPS estimate coming in at ($0.22) and the lowest estimate coming in at ($0.32). South Jersey Industries reported earnings of ($0.27) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 3.7%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that South Jersey Industries will report full year earnings of $1.10 per share for the current year, with EPS estimates ranging from $1.08 to $1.12. For the next year, analysts expect that the firm will report earnings of $1.52 per share, with EPS estimates ranging from $1.42 to $1.59. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover South Jersey Industries.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Wednesday, August 7th. The utilities provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.09). South Jersey Industries had a net margin of 7.97% and a return on equity of 7.10%. The business had revenue of $266.93 million during the quarter, compared to analyst estimates of $254.12 million. During the same quarter last year, the company posted $0.07 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year.



Several brokerages have issued reports on SJI. Morgan Stanley set a $30.00 price target on shares of South Jersey Industries and gave the company a “hold” rating in a research report on Friday, August 16th. Guggenheim upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $32.00 to $35.00 in a research report on Thursday, June 13th. Maxim Group set a $40.00 price target on shares of South Jersey Industries and gave the company a “buy” rating in a research report on Friday, September 13th. TheStreet cut shares of South Jersey Industries from a “b-” rating to a “c+” rating in a research report on Friday, August 23rd. Finally, JPMorgan Chase & Co. cut 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 report on Monday, August 5th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. South Jersey Industries currently has a consensus rating of “Buy” and an average price target of $34.43.

Several large investors have recently bought and sold shares of the company. Atria Investments LLC bought a new stake in shares of South Jersey Industries in the 2nd quarter valued at $243,000. BlackRock Inc. boosted its stake in shares of South Jersey Industries by 1.0% in the 2nd quarter. BlackRock Inc. now owns 13,913,601 shares of the utilities provider’s stock valued at $469,305,000 after purchasing an additional 140,843 shares during the last quarter. Stonebridge Capital Advisors LLC bought a new stake in shares of South Jersey Industries in the 2nd quarter valued at $51,000. Nuveen Asset Management LLC boosted its stake in shares of South Jersey Industries by 77.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,383,013 shares of the utilities provider’s stock valued at $46,649,000 after purchasing an additional 602,653 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of South Jersey Industries by 21.7% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 129,718 shares of the utilities provider’s stock valued at $4,375,000 after purchasing an additional 23,095 shares during the last quarter. 81.88% of the stock is currently owned by institutional investors.

NYSE SJI traded down $0.71 on Friday, hitting $32.31. The company’s stock had a trading volume of 1,764,300 shares, compared to its average volume of 581,136. The company has a quick ratio of 0.23, a current ratio of 0.26 and a debt-to-equity ratio of 1.22. South Jersey Industries has a 1-year low of $26.06 and a 1-year high of $36.72. The company’s 50-day moving average is $32.12 and its 200 day moving average is $32.32. The firm has a market cap of $2.98 billion, a PE ratio of 23.41, a PEG ratio of 4.46 and a beta of 0.70.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Tuesday, September 10th will be paid a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Monday, September 9th. South Jersey Industries’s dividend payout ratio is currently 83.33%.

About South Jersey Industries

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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