St. Joe (JOE) to Release Earnings on Wednesday

St. Joe (NYSE:JOE) is scheduled to be announcing its earnings results after the market closes on Wednesday, April 24th.

St. Joe (NYSE:JOE) last announced its earnings results on Wednesday, February 21st. The financial services provider reported $0.23 earnings per share for the quarter. The firm had revenue of $86.70 million during the quarter. St. Joe had a return on equity of 11.40% and a net margin of 19.96%.

St. Joe Stock Performance

NYSE JOE traded up $0.66 during trading on Friday, hitting $54.88. The company’s stock had a trading volume of 211,136 shares, compared to its average volume of 198,371. The firm has a market cap of $3.20 billion, a P/E ratio of 40.96 and a beta of 1.30. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.90. The firm has a 50 day moving average price of $55.07 and a 200 day moving average price of $54.29. St. Joe has a 52 week low of $38.81 and a 52 week high of $65.99.

St. Joe Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Monday, March 4th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Friday, March 1st. St. Joe’s payout ratio is currently 35.82%.

Insider Buying and Selling

In other St. Joe news, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $54.03, for a total value of $4,792,461.00. Following the transaction, the director now directly owns 19,236,024 shares of the company’s stock, valued at approximately $1,039,322,376.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other St. Joe news, Director Bruce R. Berkowitz sold 3,200 shares of St. Joe stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $54.85, for a total value of $175,520.00. Following the transaction, the director now owns 19,387,024 shares in the company, valued at $1,063,378,266.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 88,700 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $54.03, for a total transaction of $4,792,461.00. Following the completion of the sale, the director now owns 19,236,024 shares in the company, valued at $1,039,322,376.72. The disclosure for this sale can be found here. Insiders sold 106,800 shares of company stock valued at $5,780,959 over the last quarter. 38.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On St. Joe

A number of institutional investors have recently added to or reduced their stakes in JOE. Price T Rowe Associates Inc. MD increased its holdings in shares of St. Joe by 9.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 55,733 shares of the financial services provider’s stock worth $3,355,000 after buying an additional 5,011 shares in the last quarter. Legal & General Group Plc grew its position in St. Joe by 3.0% during the 4th quarter. Legal & General Group Plc now owns 133,127 shares of the financial services provider’s stock worth $8,012,000 after acquiring an additional 3,850 shares during the last quarter. Barclays PLC increased its holdings in St. Joe by 224.2% in the 4th quarter. Barclays PLC now owns 54,366 shares of the financial services provider’s stock worth $3,271,000 after purchasing an additional 37,595 shares in the last quarter. Mint Tower Capital Management B.V. raised its position in St. Joe by 150.0% in the fourth quarter. Mint Tower Capital Management B.V. now owns 15,000 shares of the financial services provider’s stock valued at $903,000 after purchasing an additional 9,000 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of St. Joe by 1.6% during the fourth quarter. Nuveen Asset Management LLC now owns 106,369 shares of the financial services provider’s stock valued at $6,401,000 after purchasing an additional 1,661 shares in the last quarter. 86.67% of the stock is currently owned by institutional investors and hedge funds.

St. Joe Company Profile

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment engages in the development of communities into homesites for sale to homebuilders and on a limited basis to retail customers.