Somewhat Favorable News Coverage Somewhat Unlikely to Affect South Jersey Industries (SJI) Share Price
News stories about South Jersey Industries (NYSE:SJI) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. South Jersey Industries earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave headlines about the utilities provider an impact score of 46.2796248952231 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
South Jersey Industries (SJI) opened at 36.34 on Friday. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 33.74 and a beta of 0.77. The company has a 50-day moving average of $35.21 and a 200-day moving average of $35.38. South Jersey Industries has a 52 week low of $27.51 and a 52 week high of $38.40.
South Jersey Industries (NYSE:SJI) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $244.37 million for the quarter, compared to analyst estimates of $179.63 million. South Jersey Industries had a net margin of 7.02% and a return on equity of 7.71%. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Equities research analysts forecast that South Jersey Industries will post $1.19 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Monday, September 11th will be given a $0.273 dividend. This represents a $1.09 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Friday, September 8th. South Jersey Industries’s dividend payout ratio is 101.87%.
SJI has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of South Jersey Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. BidaskClub lowered shares of South Jersey Industries from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Janney Montgomery Scott upgraded shares of South Jersey Industries from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 8th. They noted that the move was a valuation call. Morgan Stanley upped their price target on shares of South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. Finally, Williams Capital upgraded shares of South Jersey Industries from a “hold” rating to a “buy” rating and upped their price target for the company from $34.00 to $36.00 in a research note on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $39.50.
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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