Companhia de Saneamento Bsc DEDSP (SBS) Stock Price Down 5.5%

Companhia de Saneamento Bsc DEDSP (NYSE:SBS)’s share price fell 5.5% during trading on Friday . The company traded as low as $11.32 and last traded at $11.45. 2,018,452 shares changed hands during trading, a decline of 24% from the average session volume of 2,645,637 shares. The stock had previously closed at $12.11.

A number of research firms recently commented on SBS. ValuEngine raised shares of Companhia de Saneamento Bsc DEDSP from a “hold” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of Companhia de Saneamento Bsc DEDSP from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. HSBC lowered shares of Companhia de Saneamento Bsc DEDSP from a “buy” rating to a “hold” rating in a research report on Wednesday, January 30th. Finally, Citigroup lowered shares of Companhia de Saneamento Bsc DEDSP from a “neutral” rating to a “sell” rating in a research report on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold”.

The company has a debt-to-equity ratio of 0.57, a current ratio of 1.04 and a quick ratio of 1.03.

Companhia de Saneamento Bsc DEDSP (NYSE:SBS) last released its quarterly earnings results on Friday, March 29th. The utilities provider reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.31. Companhia de Saneamento Bsc DEDSP had a net margin of 17.40% and a return on equity of 14.81%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.08 billion. On average, analysts anticipate that Companhia de Saneamento Bsc DEDSP will post 1.16 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Monday, July 8th. Investors of record on Wednesday, May 1st will be given a dividend of $0.2999 per share. The ex-dividend date of this dividend is Tuesday, April 30th. Companhia de Saneamento Bsc DEDSP’s dividend payout ratio is 22.02%.

Large investors have recently added to or reduced their stakes in the stock. James Investment Research Inc. bought a new position in Companhia de Saneamento Bsc DEDSP during the fourth quarter worth about $48,000. Atlas Capital Advisors LLC acquired a new stake in Companhia de Saneamento Bsc DEDSP during the fourth quarter worth about $65,000. Quadrant Capital Group LLC grew its stake in Companhia de Saneamento Bsc DEDSP by 314.0% during the fourth quarter. Quadrant Capital Group LLC now owns 9,178 shares of the utilities provider’s stock worth $72,000 after buying an additional 6,961 shares in the last quarter. Advisor Group Inc. grew its stake in Companhia de Saneamento Bsc DEDSP by 103.2% during the fourth quarter. Advisor Group Inc. now owns 9,054 shares of the utilities provider’s stock worth $74,000 after buying an additional 4,599 shares in the last quarter. Finally, Checchi Capital Advisers LLC acquired a new stake in Companhia de Saneamento Bsc DEDSP during the fourth quarter worth about $88,000.

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About Companhia de Saneamento Bsc DEDSP (NYSE:SBS)

Companhia de Saneamento Básico do Estado de São Paulo-SABESP provides basic and environmental sanitation services, and supplies treated water and sewage services on a wholesale basis to residential, commercial, industrial, and governmental customers in the state of São Paulo. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy.

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