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 be announcing its earnings results after the market closes on Thursday, November 14th. Investors that wish to listen to 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 quarterly earnings data on Thursday, August 8th. The utilities provider reported $0.34 earnings per share for the quarter, beating 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 company had revenue of $1.30 billion for 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 SBS stock opened at $16.18 on Thursday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 1-year low of $12.11 and a 1-year high of $18.36. The stock’s 50-day moving average is $16.50 and its 200 day moving average is $15.77. The company has a market cap of $11.06 billion, a P/E ratio of 13.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.35.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SBS shares. StockNews.com downgraded Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a research report on Thursday, September 12th. The Goldman Sachs Group raised Companhia de Saneamento Básico do Estado de São Paulo – SABESP to a “strong-buy” rating in a report 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.