South Jersey Industries (SJI) Issues FY18 Earnings Guidance

South Jersey Industries (NYSE:SJI) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.57-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.49.

A number of research analysts have recently commented on the stock. ValuEngine raised shares of South Jersey Industries from a hold rating to a buy rating in a research report on Tuesday, October 9th. Zacks Investment Research raised shares of South Jersey Industries from a hold rating to a buy rating and set a $40.00 price objective for the company in a research report on Thursday, October 11th. Morgan Stanley upped their price objective on shares of South Jersey Industries from $33.00 to $35.00 and gave the company a hold rating in a research report on Friday, September 21st. Bank of America assumed coverage on shares of South Jersey Industries in a research report on Monday, July 30th. They set a neutral rating and a $34.00 price objective for the company. Finally, JPMorgan Chase & Co. upped their price objective on shares of South Jersey Industries from $33.00 to $34.00 and gave the company a neutral rating in a research report on Friday, August 10th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $34.75.

NYSE SJI traded up $0.41 on Wednesday, reaching $31.73. The company’s stock had a trading volume of 679,700 shares, compared to its average volume of 710,173. The stock has a market cap of $2.61 billion, a P/E ratio of 25.80, a PEG ratio of 1.64 and a beta of 0.70. South Jersey Industries has a 52 week low of $25.96 and a 52 week high of $36.72. The company has a quick ratio of 1.12, a current ratio of 1.15 and a debt-to-equity ratio of 1.08.

In other South Jersey Industries news, Director Sunita Holzer bought 1,500 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were acquired at an average price of $32.88 per share, with a total value of $49,320.00. Following the completion of the purchase, the director now directly owns 25,866 shares in the company, valued at approximately $850,474.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.64% of the company’s stock.

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South Jersey Industries Company Profile

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.

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

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