Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Announces Quarterly Earnings Results, Beats Expectations By $0.43 EPS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) announced its quarterly earnings results on Monday. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43, Zacks reports. The business had revenue of $981.20 million during the quarter, compared to analyst estimates of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 25.62% and a return on equity of 27.73%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.8 %

SBS traded down $0.15 during mid-day trading on Wednesday, reaching $17.71. 26,573 shares of the stock were exchanged, compared to its average volume of 1,015,284. The company has a 50 day moving average price of $16.64 and a two-hundred day moving average price of $16.10. The stock has a market capitalization of $12.10 billion, a PE ratio of 6.97 and a beta of 1.15. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1 year low of $13.10 and a 1 year high of $18.36.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.