Somewhat Favorable Media Coverage Somewhat Unlikely to Impact St. Joe (JOE) Share Price
Headlines about St. Joe (NYSE:JOE) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. St. Joe earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.1060954185416 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern’s scoring:
- Grammy nominee, Joseph Habedank, comes to LampLight Theatre (johnsoncitypress.com)
- Trader Joe’s store in Michigan donates 35,000 pounds of food to shelter (whio.com)
- Block St Theatre Co to Premiere FLAMINGO & DECATUR This Winter at Theater Wit (broadwayworld.com)
- Joe Momma’s to reopen Friday in downtown (tulsaworld.com)
- Bend chef Joe Kim to be honored (bendbulletin.com)
JOE has been the topic of several recent research reports. Zacks Investment Research lowered shares of St. Joe from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 16th. ValuEngine lowered shares of St. Joe from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.
St. Joe (NYSE:JOE) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. St. Joe had a net margin of 24.82% and a return on equity of 3.71%. The business had revenue of $33.60 million for the quarter, compared to analyst estimates of $25.80 million.
St. Joe announced that its Board of Directors has authorized a stock repurchase plan on Thursday, September 21st that allows the company to buyback $66.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 5.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other news, Director Fairholme Capital Management L purchased 154,200 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was purchased at an average cost of $17.98 per share, with a total value of $2,772,516.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Howard S. Frank purchased 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The shares were purchased at an average cost of $18.98 per share, with a total value of $379,600.00. Following the completion of the acquisition, the director now directly owns 20,000 shares in the company, valued at $379,600. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 994,150 shares of company stock worth $18,380,258. 33.83% of the stock is owned by company insiders.
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About St. Joe
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.
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