Wall Street brokerages predict that South Jersey Industries, Inc. (NYSE:SJI) will announce $0.40 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for South Jersey Industries’ earnings, with estimates ranging from $0.37 to $0.41. South Jersey Industries reported earnings of $0.42 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The company is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that South Jersey Industries will report full year earnings of $1.18 per share for the current year, with EPS estimates ranging from $1.15 to $1.21. For the next year, analysts expect that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.38 to $1.50. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover South Jersey Industries.

South Jersey Industries (NYSE:SJI) last announced its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. The company had revenue of $227.13 million during the quarter, compared to the consensus estimate of $222.92 million.

A number of research firms have issued reports on SJI. Zacks Investment Research upgraded South Jersey Industries from a “sell” rating to a “hold” rating in a report on Friday, November 17th. Williams Capital upgraded South Jersey Industries from a “hold” rating to a “buy” rating and increased their price target for the stock from $36.00 to $37.00 in a report on Tuesday, October 17th. Janney Montgomery Scott restated a “buy” rating on shares of South Jersey Industries in a report on Tuesday, October 17th. J P Morgan Chase & Co increased their price target on South Jersey Industries from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Finally, Morgan Stanley increased their price target on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $38.00.

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio raised its position in shares of South Jersey Industries by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 29 shares during the period. First Mercantile Trust Co. raised its position in shares of South Jersey Industries by 2.0% during the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 60 shares during the period. Amalgamated Bank raised its position in shares of South Jersey Industries by 0.8% during the second quarter. Amalgamated Bank now owns 10,896 shares of the utilities provider’s stock worth $372,000 after purchasing an additional 89 shares during the period. Teacher Retirement System of Texas raised its position in shares of South Jersey Industries by 2.4% during the second quarter. Teacher Retirement System of Texas now owns 6,349 shares of the utilities provider’s stock worth $217,000 after purchasing an additional 150 shares during the period. Finally, WFG Advisors LP raised its position in shares of South Jersey Industries by 8.0% during the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 70.38% of the company’s stock.

South Jersey Industries (NYSE SJI) traded down $0.39 during trading on Wednesday, hitting $33.29. The company’s stock had a trading volume of 385,500 shares, compared to its average volume of 335,321. The company has a market cap of $2,679.21, a PE ratio of 29.29, a price-to-earnings-growth ratio of 3.79 and a beta of 0.71. South Jersey Industries has a 52-week low of $31.39 and a 52-week high of $38.40. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.36%. This is a boost from South Jersey Industries’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, December 8th. South Jersey Industries’s dividend payout ratio is presently 227.09%.

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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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Earnings History and Estimates for South Jersey Industries (NYSE:SJI)

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