StockNews.com lowered shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Free Report) from a buy rating to a hold rating in a report published on Thursday.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP Trading Up 1.7 %
Shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP stock opened at $17.06 on Thursday. The stock has a market capitalization of $11.66 billion, a PE ratio of 16.09 and a beta of 1.16. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a 52 week low of $11.29 and a 52 week high of $18.36. The stock has a 50 day moving average price of $16.50 and a two-hundred day moving average price of $15.67. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.21 and a current ratio of 1.36.
Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS – Get Free Report) last posted its earnings results on Thursday, August 8th. The utilities provider reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The company had revenue of $1.30 billion during the quarter. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a net margin of 15.00% and a return on equity of 13.34%. As a group, equities analysts anticipate that Companhia de Saneamento Básico do Estado de São Paulo – SABESP will post 1.06 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Companhia de Saneamento Básico do Estado de São Paulo – SABESP
Companhia de Saneamento Básico do Estado de São Paulo – SABESP Company Profile
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.
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