Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) Set to Announce Earnings on Thursday

Posted by Maddie Sorensen on Aug 6th, 2024

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Free Report) last released its quarterly earnings data on Friday, May 10th. The utilities provider reported $0.24 EPS for the quarter. The firm had revenue of $1.33 billion for the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 12.14% and a net margin of 13.62%. On average, analysts expect Companhia de Saneamento Básico do Estado de São Paulo – SABESP to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 2.4 %

SBS stock traded up $0.37 during midday trading on Tuesday, hitting $15.79. 1,062,118 shares of the company’s stock were exchanged, compared to its average volume of 1,015,788. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $10.76 and a 1-year high of $17.14. The company has a current ratio of 1.23, a quick ratio of 1.21 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $10.79 billion, a PE ratio of 14.55 and a beta of 1.17. The business has a 50-day simple moving average of $14.57 and a two-hundred day simple moving average of $15.38.

Analysts Set New Price Targets

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, April 30th.

Check Out Our Latest Research Report on Companhia de Saneamento Básico do Estado de São Paulo – SABESP

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile

(Get Free Report)

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.