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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) posted its quarterly earnings results 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 net margin of 25.62% and a return on equity of 27.73%. The firm had revenue of $981.20 million for the quarter, compared to analyst estimates of $6.89 billion.

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

Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $17.88 on Wednesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $18.36. The firm’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $16.10. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.14 and a quick ratio of 1.13. The company has a market cap of $12.22 billion, a P/E ratio of 7.04 and a beta of 1.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.

About Companhia de Saneamento Básico do Estado de São Paulo – SABESP

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.