South Jersey Industries, Inc. (NYSE:SJI) provider of energy-related products and services, is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.22 per share.
For the full year, analysts predict revenues of $ 1557.60 million, while looking forward to income of $ 1.55 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.50 ~ $ 1.60 per share
Click Here For More Historical Outlooks Of South Jersey Industries, Inc.
Previous Quarter Performance
South Jersey Industries, Inc. unwinded loss for the second quarter of $ 0.01 per share, from the revenue of $ 259.96 million. Wall street analysts are predicting, SJI to report 2Q20 loss of $ 0.04 per share from revenue of $ 267.06 million. The bottom line results beat street analysts by $ 0.03 or 75.00 percent, at the same time, top line results fell short of analysts by $ 7.1 million or 2.66 percent.
Stock Performance
Shares of South Jersey Industries, Inc. traded up $ 0.32 or 1.60 percent on Tuesday, reaching $ 20.37 with volume of 1.07 million shares. South Jersey Industries, Inc. has traded high as $ 20.74 and has cracked $ 20.11 on the downward trend
According to the previous trading day, closing price of $ 20.37, representing a 9.92 % increase from the 52 week low of $ 18.24 and a 40.02 % decrease over the 52 week high of $ 33.43.
The company has a market capital of $ 2.05 billion and is part of the Utilities sector and Utilities – Regulated Gas industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Underweight rating, with $ 19.00 target price.
- On 18th September 2020, maintained by Morgan Stanley at Underweight rating, with $ 21.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized 3Q20 dividend of $ 0.295 per share on August 31, 2020. The dividend were payable on October 2, 2020 to holders of record as of the close of business on September 10, 2020 and ex-dividend date on September 9, 2020.
South Jersey Industries, Inc., through its subsidiaries, provides energy-related products and services. The company engages in the purchase, transmission, and sale of natural gas. It also sells natural gas and pipeline transportation capacity on a wholesale basis to residential, commercial, and industrial customers on the interstate pipeline system, as well as transports natural gas, which is purchased directly from producers or suppliers to their customers.
