St. Joe (NYSE:JOE) Issues Earnings Results

St. Joe (NYSE:JOE – Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $156.19 million for the quarter. St. Joe had a return on equity of 15.90% and a net margin of 22.45%.

St. Joe Trading Up 5.6%

JOE traded up $3.82 during midday trading on Thursday, reaching $71.95. 71,634 shares of the company were exchanged, compared to its average volume of 234,030. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market capitalization of $4.10 billion, a P/E ratio of 33.61 and a beta of 1.28. The stock’s 50-day simple moving average is $66.49 and its 200 day simple moving average is $65.96. St. Joe has a one year low of $51.34 and a one year high of $73.54.

St. Joe Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.0%. This is a boost from St. Joe’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Thursday, November 12th. St. Joe’s payout ratio is currently 29.91%.

Institutional Trading of St. Joe

Institutional investors and hedge funds have recently bought and sold shares of the business. Fifth Third Wealth Advisors LLC acquired a new stake in shares of St. Joe during the 3rd quarter worth $326,000. Sterling Capital Management LLC lifted its position in shares of St. Joe by 836.5% during the 3rd quarter. Sterling Capital Management LLC now owns 1,283 shares of the financial services provider’s stock worth $84,000 after buying an additional 1,146 shares during the last quarter. Vest Financial LLC lifted its position in shares of St. Joe by 3.5% during the 3rd quarter. Vest Financial LLC now owns 30,544 shares of the financial services provider’s stock worth $2,009,000 after buying an additional 1,029 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in St. Joe by 6.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,700 shares of the financial services provider’s stock valued at $178,000 after buying an additional 153 shares in the last quarter. Finally, Annex Advisory Services LLC boosted its stake in St. Joe by 11.8% in the third quarter. Annex Advisory Services LLC now owns 33,457 shares of the financial services provider’s stock valued at $2,201,000 after buying an additional 3,539 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of St. Joe from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Buy rating. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Read Our Latest Stock Analysis on St. Joe

St. Joe News Summary

Here are the key news stories impacting St. Joe this week:

St. Joe Company Profile

(Get Free Report)

The St. Joe Company (NYSE: JOE) is a real estate development and asset management company focused primarily on Northwest Florida. The company plans, develops and manages residential, commercial and hospitality properties, with activities concentrated in the communities and coastal markets surrounding Panama City and Destin.

St. Joe’s residential business includes the development of master-planned communities and residential neighborhoods, while its commercial activities include office, retail, medical and industrial properties.

See Also

Earnings History for St. Joe (NYSE:JOE)

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