Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) Releases Earnings Results, Beats Expectations By $0.43 EPS

Companhia de Saneamento Básico do Estado de São Paulo – SABESP (NYSE:SBS) announced its earnings results on Monday. The utilities provider reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.43, Zacks reports. The company had revenue of $981.20 million during the quarter, compared to analysts’ expectations of $6.89 billion. Companhia de Saneamento Básico do Estado de São Paulo – SABESP had a return on equity of 27.73% and a net margin of 25.62%.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP Stock Down 0.7 %

SBS stock opened at $17.74 on Wednesday. Companhia de Saneamento Básico do Estado de São Paulo – SABESP has a fifty-two week low of $13.10 and a fifty-two week high of $18.36. The company’s 50 day moving average price is $16.64 and its 200 day moving average price is $16.10. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.14. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 6.98 and a beta of 1.15.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Companhia de Saneamento Básico do Estado de São Paulo – SABESP from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th.

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

Companhia de Saneamento Basico do Estado de Sao Paulo SABESP engages in the provision of water and sewage service. It also offers advisory services on the rational use of water, planning and commercial, and financial and operational management. The company was founded on September 6, 1973 and is headquartered in São Paulo, Brazil.