Zacks: Brokerages Anticipate St. Joe Co (JOE) Will Post Earnings of -$0.01 Per Share

Brokerages expect St. Joe Co (NYSE:JOE) to announce earnings per share of ($0.01) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for St. Joe’s earnings. St. Joe reported earnings per share of ($0.08) in the same quarter last year, which suggests a positive year-over-year growth rate of 87.5%. The business is scheduled to announce its next earnings report on Thursday, March 7th.

On average, analysts expect that St. Joe will report full year earnings of $0.09 per share for the current year. For the next year, analysts expect that the business will post earnings of $0.11 per share. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover St. Joe.

St. Joe (NYSE:JOE) last posted its quarterly earnings data on Wednesday, October 31st. The financial services provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.04. St. Joe had a net margin of 61.38% and a return on equity of 1.62%. The business had revenue of $23.70 million during the quarter, compared to the consensus estimate of $27.70 million.

Several research firms have recently commented on JOE. TheStreet upgraded shares of St. Joe from a “c” rating to a “b-” rating in a research note on Tuesday, August 21st. Zacks Investment Research upgraded shares of St. Joe from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, October 9th.

Shares of NYSE:JOE traded down $0.88 on Friday, hitting $14.01. 287,368 shares of the company were exchanged, compared to its average volume of 235,200. St. Joe has a 1-year low of $13.92 and a 1-year high of $20.00. The company has a market capitalization of $850.01 million, a P/E ratio of -93.40 and a beta of 0.92.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its position in St. Joe by 2.2% during the second quarter. Bank of America Corp DE now owns 148,808 shares of the financial services provider’s stock valued at $2,671,000 after purchasing an additional 3,200 shares during the period. Victory Capital Management Inc. lifted its position in St. Joe by 15.9% during the second quarter. Victory Capital Management Inc. now owns 25,913 shares of the financial services provider’s stock valued at $465,000 after purchasing an additional 3,556 shares during the period. Wells Fargo & Company MN lifted its position in St. Joe by 1.3% during the third quarter. Wells Fargo & Company MN now owns 304,739 shares of the financial services provider’s stock valued at $5,120,000 after purchasing an additional 3,832 shares during the period. Raymond James & Associates lifted its position in St. Joe by 16.2% during the second quarter. Raymond James & Associates now owns 31,071 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 4,322 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in St. Joe by 0.3% during the third quarter. Gamco Investors INC. ET AL now owns 1,594,844 shares of the financial services provider’s stock valued at $26,793,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 95.02% of the company’s stock.

About St. Joe

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Florida, the United States. It operates through four segments: Residential Real Estate, Resorts and Leisure, Commercial Leasing and Sales, and Forestry. The Residential Real Estate segment plans and develops residential communities of various sizes.

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