Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) Shares Gap Down – Should You Sell?

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $25.22, but opened at $23.81. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp shares last traded at $23.7940, with a volume of 49,126 shares traded.

Analyst Upgrades and Downgrades

SBS has been the subject of several recent research reports. Zacks Research cut Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Stock Down 6.1%

The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.68. The firm has a 50 day moving average of $25.34 and a 200 day moving average of $23.08. The firm has a market cap of $16.18 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.78 and a beta of 0.79.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp (NYSE:SBS) last announced its quarterly earnings data on Wednesday, November 12th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.07 by $0.27. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $1.07 billion. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp had a net margin of 22.32% and a return on equity of 16.08%. As a group, sell-side analysts predict that Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp will post 2.17 earnings per share for the current year.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, December 29th will be given a dividend of $0.4772 per share. The ex-dividend date of this dividend is Monday, December 29th. Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp’s dividend payout ratio is 20.43%.

Hedge Funds Weigh In On Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp

Large investors have recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 5.1% during the 1st quarter. Northern Trust Corp now owns 1,446,698 shares of the utilities provider’s stock worth $25,838,000 after buying an additional 69,612 shares in the last quarter. Atria Investments Inc purchased a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp in the second quarter worth $747,000. ELCO Management Co. LLC bought a new stake in shares of Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the 2nd quarter worth $326,000. Allianz SE bought a new position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp during the second quarter valued at about $410,000. Finally, American Century Companies Inc. raised its position in Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp by 56.9% in the second quarter. American Century Companies Inc. now owns 2,008,471 shares of the utilities provider’s stock worth $44,126,000 after acquiring an additional 728,383 shares during the period. 10.62% of the stock is currently owned by institutional investors.

Companhia de saneamento Basico Do Estado De Sao Paulo – Sabesp Company Profile

Companhia de Saneamento Básico do Estado de São Paulo (SABESP) is a Brazilian utility that provides water supply and wastewater collection and treatment services. As the principal sanitation company serving the state of São Paulo, SABESP operates a wide range of infrastructure spanning water capture, treatment plants, distribution networks and sewage systems. The company’s activities support residential, commercial and industrial customers and are focused on delivering potable water, ensuring water quality and expanding access to sanitation services.

SABESP’s service offering includes the operation and maintenance of water treatment and sewage treatment facilities, network expansion and rehabilitation, meter reading and billing, customer service and environmental programs aimed at improving sewage treatment rates and protecting water resources.