Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) to Release Quarterly Earnings on Thursday

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 14th. Parties that wish to register for the company’s conference call can do so using this link.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) last issued its earnings results on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 13.34% and a net margin of 15.00%. The business had revenue of $1.30 billion during the quarter. On average, analysts expect Companhia de Saneamento Básico do Estado de São Paulo – SABESP to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

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

Shares of NYSE:SBS opened at $16.18 on Thursday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $12.11 and a fifty-two week high of $18.36. The business has a 50-day simple moving average of $16.50 and a two-hundred day simple moving average of $15.77. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.35 and a current ratio of 1.36. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 13.71 and a beta of 1.16.

Analyst Ratings Changes

A number of brokerages recently issued reports on SBS. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research note on Thursday, September 12th. The Goldman Sachs Group upgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a research note on Sunday, October 6th.

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

Companhia de Saneamento Básico do Estado de São Paulo SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2022, it provided water services through 10.1 million water connections; and sewage services through 8.6 million sewage connections in 375 municipalities of the São Paulo State.