South Jersey Industries (NYSE:SJI) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.10. South Jersey Industries also updated its FY20 guidance to $1.53-1.67 EPS.
Shares of NYSE:SJI traded down $0.55 during midday trading on Friday, reaching $30.13. 305,108 shares of the company’s stock were exchanged, compared to its average volume of 385,655. The firm’s 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $32.53. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.26 and a quick ratio of 0.23. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 3.36 and a beta of 0.66. South Jersey Industries has a fifty-two week low of $26.06 and a fifty-two week high of $34.48.
South Jersey Industries (NYSE:SJI) last released its earnings results on Wednesday, November 6th. The utilities provider reported ($0.30) earnings per share for the quarter, missing the consensus estimate of ($0.27) by ($0.03). The firm had revenue of $261.20 million during the quarter, compared to analyst estimates of $253.87 million. South Jersey Industries had a net margin of 7.97% and a return on equity of 7.10%. The business’s revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. Equities research analysts predict that South Jersey Industries will post 1.09 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the company. ValuEngine downgraded South Jersey Industries from a buy rating to a hold rating in a research report on Thursday, October 24th. Maxim Group set a $40.00 target price on South Jersey Industries and gave the company a buy rating in a research report on Friday, September 13th. Morgan Stanley reaffirmed a hold rating and issued a $31.00 target price on shares of South Jersey Industries in a research report on Friday. Zacks Investment Research downgraded South Jersey Industries from a buy rating to a hold rating in a research report on Tuesday, July 30th. Finally, TheStreet cut South Jersey Industries from a b- rating to a c+ rating in a research note on Friday, August 23rd. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $35.00.
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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