St. Joe Company (The) (NYSE:JOE) issued its quarterly earnings results on Thursday. The financial services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. St. Joe Company (The) had a return on equity of 3.57% and a net margin of 24.82%. The company had revenue of $33.60 million for the quarter, compared to analysts’ expectations of $25.80 million.

Shares of St. Joe Company (NYSE:JOE) traded up $0.15 during midday trading on Friday, hitting $17.95. The company had a trading volume of 315,446 shares, compared to its average volume of 286,163. St. Joe Company has a twelve month low of $16.30 and a twelve month high of $21.90. The firm has a market cap of $1,190.00, a PE ratio of 53.94 and a beta of 0.88.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded St. Joe Company (The) from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a research report on Tuesday, October 17th. BidaskClub cut St. Joe Company (The) from a “buy” rating to a “hold” rating in a research report on Wednesday, August 16th.

St. Joe Company (The) declared that its Board of Directors has initiated a share buyback program on Thursday, September 21st that authorizes the company to repurchase $66.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

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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.

Earnings History for St. Joe Company (The) (NYSE:JOE)

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