Wall Street brokerages forecast that South Jersey Industries, Inc. (NYSE:SJI) will report $335.44 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for South Jersey Industries’ earnings. The highest sales estimate is $352.00 million and the lowest is $318.87 million. South Jersey Industries reported sales of $329.98 million in the same quarter last year, which indicates a positive year over year growth rate of 1.7%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.

On average, analysts expect that South Jersey Industries will report full-year sales of $335.44 million for the current year, with estimates ranging from $1.20 billion to $1.25 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.29 billion per share, with estimates ranging from $1.28 billion to $1.30 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover South Jersey Industries.

South Jersey Industries (NYSE:SJI) last announced its quarterly earnings results on Thursday, November 2nd. 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). South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%. The business had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million.

A number of equities research analysts have recently commented on the stock. Janney Montgomery Scott reaffirmed a “buy” rating on shares of South Jersey Industries in a research note on Tuesday, October 17th. BidaskClub raised shares of South Jersey Industries from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Morgan Stanley upped their price objective on shares of South Jersey Industries from $38.00 to $39.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Williams Capital lowered shares of South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Monday, September 18th. Finally, Zacks Investment Research raised shares of South Jersey Industries from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.00.

A number of hedge funds and other institutional investors have recently modified their holdings of SJI. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of South Jersey Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,025 shares of the utilities provider’s stock valued at $103,000 after buying an additional 262 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of South Jersey Industries by 2.0% in the second quarter. First Mercantile Trust Co. now owns 3,060 shares of the utilities provider’s stock valued at $105,000 after buying an additional 60 shares in the last quarter. WFG Advisors LP lifted its stake in shares of South Jersey Industries by 8.0% in the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock valued at $108,000 after buying an additional 234 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new position in shares of South Jersey Industries in the third quarter valued at $110,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of South Jersey Industries by 0.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock valued at $122,000 after buying an additional 29 shares in the last quarter. 70.38% of the stock is currently owned by institutional investors and hedge funds.

Shares of South Jersey Industries (SJI) traded up $0.14 during midday trading on Friday, reaching $33.39. 225,600 shares of the company’s stock traded hands, compared to its average volume of 334,356. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.38 and a current ratio of 0.47. South Jersey Industries has a 1 year low of $31.39 and a 1 year high of $38.40. The firm has a market cap of $2,660.00, a PE ratio of 28.91, a P/E/G ratio of 3.75 and a beta of 0.70.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Investors of record on Monday, December 11th will be paid a dividend of $0.28 per share. The ex-dividend date is Friday, December 8th. This is a positive change from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.35%. South Jersey Industries’s dividend payout ratio is currently 227.08%.

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

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