St. Joe (NYSE:JOE) Posts Earnings Results

St. Joe (NYSE:JOE) posted its earnings results on Wednesday. The financial services provider reported $0.42 EPS for the quarter, Zacks reports. St. Joe had a net margin of 18.32% and a return on equity of 10.16%. The company had revenue of $111.60 million during the quarter.

St. Joe Stock Down 0.6 %

Shares of NYSE:JOE traded down $0.40 during mid-day trading on Friday, hitting $63.20. 49,973 shares of the company traded hands, compared to its average volume of 177,884. St. Joe has a 12-month low of $45.93 and a 12-month high of $65.99. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.69 billion, a P/E ratio of 45.44 and a beta of 1.27. The stock has a 50-day moving average price of $56.08 and a two-hundred day moving average price of $55.95.

St. Joe Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Friday, August 9th will be issued a dividend of $0.14 per share. This is a positive change from St. Joe’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend is Friday, August 9th. St. Joe’s payout ratio is currently 34.29%.

Insider Activity

In other St. Joe news, Director Bruce R. Berkowitz sold 2,600 shares of the business’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.05, for a total value of $153,530.00. Following the transaction, the director now owns 19,224,624 shares of the company’s stock, valued at $1,135,214,047.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other St. Joe news, Director Bruce R. Berkowitz sold 57,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $58.26, for a total value of $3,320,820.00. Following the completion of the sale, the director now directly owns 19,167,624 shares of the company’s stock, valued at $1,116,705,774.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Berkowitz sold 2,600 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $59.05, for a total value of $153,530.00. Following the transaction, the director now owns 19,224,624 shares of the company’s stock, valued at approximately $1,135,214,047.20. The disclosure for this sale can be found here. Insiders sold a total of 162,100 shares of company stock worth $9,470,865 over the last quarter. Insiders own 38.80% of the company’s stock.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.