St. Joe Company (The) (JOE) Set to Announce Quarterly Earnings on Wednesday
St. Joe Company (The) (NYSE:JOE) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, November 1st.
St. Joe Company (The) (NYSE:JOE) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. St. Joe Company (The) had a return on equity of 3.08% and a net margin of 23.02%. The firm had revenue of $30.40 million for the quarter. On average, analysts expect St. Joe Company (The) to post $0.25 EPS for the current fiscal year and $0.08 EPS for the next fiscal year.
St. Joe Company (JOE) opened at 17.85 on Wednesday. The company has a 50 day moving average price of $18.60 and a 200 day moving average price of $18.27. St. Joe Company has a 52-week low of $16.30 and a 52-week high of $21.90. The firm has a market capitalization of $1.26 billion, a P/E ratio of 63.98 and a beta of 0.87.
St. Joe Company (The) announced that its board has approved a share repurchase program on Thursday, September 21st that authorizes the company to buyback $66.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire up to 5.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
JOE has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of St. Joe Company (The) from a “buy” rating to a “hold” rating in a report on Friday, July 21st. BidaskClub downgraded shares of St. Joe Company (The) from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th.
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About St. Joe Company (The)
The St. Joe Company is a real estate development, asset management and operating company. The Company operates through five segments: residential real estate; commercial real estate; resorts and leisure; leasing operations, and forestry. Its residential real estate segment plans and develops primary residential and resort residential communities of various sizes on its existing land.
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