Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Announces Earnings Results

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Price Performance

Shares of NYSE:SBS opened at $17.74 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 12 month low of $13.10 and a 12 month high of $18.36. The firm has a market capitalization of $12.13 billion, a P/E ratio of 6.98 and a beta of 1.15. The company’s fifty day moving average price is $16.64 and its 200 day moving average price is $16.10.

Analyst Ratings Changes

Separately, StockNews.com downgraded 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.