South Jersey Industries, Inc. (SJI) Releases Quarterly Earnings Results, Misses Estimates By $0.04 EPS
South Jersey Industries, Inc. (NYSE:SJI) released its quarterly earnings results on Thursday. The utilities provider reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04), Bloomberg Earnings reports. The business had revenue of $227.13 million for the quarter, compared to the consensus estimate of $222.92 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%.
Shares of South Jersey Industries (SJI) traded down $0.27 during midday trading on Friday, reaching $33.25. 305,402 shares of the company were exchanged, compared to its average volume of 382,623. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market capitalization of $2,650.00, a P/E ratio of 26.82, a PEG ratio of 3.75 and a beta of 0.72. South Jersey Industries has a fifty-two week low of $29.15 and a fifty-two week high of $38.40.
SJI has been the subject of several analyst reports. Williams Capital raised shares of South Jersey Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $36.00 to $37.00 in a research note on Tuesday, October 17th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of South Jersey Industries in a research note on Tuesday, October 17th. Morgan Stanley lifted their target price on shares of South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, J P Morgan Chase & Co lifted their target price on shares of South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. South Jersey Industries has a consensus rating of “Hold” and an average target price of $38.00.
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About South Jersey Industries
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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