South Jersey Industries (NYSE:SJI) Releases FY20 Earnings Guidance

South Jersey Industries (NYSE:SJI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.53-1.67 for the period, compared to the Thomson Reuters consensus estimate of $1.56. South Jersey Industries also updated its FY19 guidance to $1.05-1.15 EPS.

A number of brokerages have weighed in on SJI. Maxim Group set a $40.00 target price on South Jersey Industries and gave the company a buy rating in a report on Friday, September 13th. ValuEngine downgraded South Jersey Industries from a buy rating to a hold rating in a report on Thursday, October 24th. Zacks Investment Research downgraded South Jersey Industries from a buy rating to a hold rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. downgraded South Jersey Industries from an overweight rating to a neutral rating and set a $32.00 target price on the stock. in a report on Monday, August 5th. Finally, TheStreet downgraded South Jersey Industries from a b- rating to a c+ rating in a report on Friday, August 23rd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $35.00.

NYSE SJI opened at $30.25 on Friday. The company has a quick ratio of 0.23, a current ratio of 0.26 and a debt-to-equity ratio of 1.22. South Jersey Industries has a twelve month low of $26.06 and a twelve month high of $34.48. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 21.92, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The business’s fifty day moving average is $32.13 and its 200 day moving average is $32.53.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Wednesday, November 6th. The utilities provider reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.27) by ($0.03). South Jersey Industries had a net margin of 7.97% and a return on equity of 7.10%. The firm had revenue of $261.20 million for the quarter, compared to analyst estimates of $253.87 million. During the same period last year, the business earned ($0.27) EPS. The company’s revenue was down 13.6% compared to the same quarter last year. On average, research analysts anticipate that South Jersey Industries will post 1.09 earnings per share for the current fiscal year.

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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