Q2 2018 EPS Estimates for South Jersey Industries, Inc. (SJI) Boosted by Williams Capital
South Jersey Industries, Inc. (NYSE:SJI) – Analysts at Williams Capital lifted their Q2 2018 earnings per share (EPS) estimates for South Jersey Industries in a research report issued to clients and investors on Monday. Williams Capital analyst C. Ellinghaus now forecasts that the utilities provider will post earnings of $0.12 per share for the quarter, up from their previous forecast of $0.10. Williams Capital has a “Buy” rating and a $36.00 price objective on the stock. Williams Capital also issued estimates for South Jersey Industries’ Q2 2017 earnings at $0.08 EPS.
South Jersey Industries (NYSE:SJI) last posted its quarterly earnings results on Tuesday, May 9th. The utilities provider reported $0.72 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by $0.09. The company had revenue of $425.83 million during the quarter, compared to analyst estimates of $329.50 million. South Jersey Industries had a return on equity of 8.04% and a net margin of 7.83%. During the same quarter in the previous year, the business posted $0.80 earnings per share.
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A number of other analysts also recently weighed in on SJI. Zacks Investment Research raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a research report on Tuesday, May 2nd. BidaskClub downgraded shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. South Jersey Industries has an average rating of “Hold” and a consensus target price of $37.50.
South Jersey Industries (SJI) traded up 0.33% during midday trading on Wednesday, reaching $33.68. 48,973 shares of the company’s stock were exchanged. South Jersey Industries has a 12-month low of $27.51 and a 12-month high of $38.40. The firm has a 50-day moving average price of $35.14 and a 200 day moving average price of $34.81. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 29.88 and a beta of 0.77.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 5th. Stockholders of record on Friday, June 9th were paid a $0.2725 dividend. This represents a $1.09 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend was Wednesday, June 7th. South Jersey Industries’s dividend payout ratio (DPR) is presently 98.20%.
Institutional investors have recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of South Jersey Industries by 5.5% in the second quarter. Aperio Group LLC now owns 29,786 shares of the utilities provider’s stock valued at $1,018,000 after buying an additional 1,564 shares during the period. Roffman Miller Associates Inc. PA boosted its stake in South Jersey Industries by 2.5% in the second quarter. Roffman Miller Associates Inc. PA now owns 509,954 shares of the utilities provider’s stock worth $17,425,000 after buying an additional 12,299 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in South Jersey Industries by 0.4% in the second quarter. Nisa Investment Advisors LLC now owns 52,470 shares of the utilities provider’s stock worth $1,793,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in South Jersey Industries by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 15,690 shares of the utilities provider’s stock worth $536,000 after buying an additional 6,880 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in South Jersey Industries by 54.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,311,983 shares of the utilities provider’s stock worth $82,422,000 after buying an additional 812,762 shares during the last quarter. Hedge funds and other institutional investors own 69.55% of the company’s stock.
South Jersey Industries Company Profile
South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).
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