Analysts expect that South Jersey Industries Inc (NYSE:SJI) will announce $0.41 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for South Jersey Industries’ earnings. South Jersey Industries posted earnings per share of $0.42 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.4%. The business is expected to report its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that South Jersey Industries will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.21. For the next year, analysts forecast that the company will post earnings of $1.44 per share, with EPS estimates ranging from $1.39 to $1.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow South Jersey Industries.

South Jersey Industries (NYSE:SJI) last released its quarterly earnings data on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The business had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. South Jersey Industries had a net margin of 3.13% and a return on equity of 7.16%.

Several equities analysts have commented on the company. Williams Capital downgraded South Jersey Industries from a “buy” rating to a “hold” rating and set a $36.00 target price for the company. in a research report on Monday, September 18th. Zacks Investment Research downgraded South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. J P Morgan Chase & Co increased their target price on South Jersey Industries from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, October 12th. Morgan Stanley increased their target price on South Jersey Industries from $39.00 to $40.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Finally, Janney Montgomery Scott reiterated a “buy” rating on shares of South Jersey Industries in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.25.

A number of institutional investors have recently bought and sold shares of SJI. California Public Employees Retirement System raised its position in shares of South Jersey Industries by 1.4% during the second quarter. California Public Employees Retirement System now owns 112,500 shares of the utilities provider’s stock worth $3,844,000 after acquiring an additional 1,600 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of South Jersey Industries by 1.7% during the second quarter. Goldman Sachs Group Inc. now owns 2,352,293 shares of the utilities provider’s stock worth $80,378,000 after acquiring an additional 40,310 shares during the last quarter. State of Wisconsin Investment Board bought a new position in shares of South Jersey Industries during the second quarter worth about $3,940,000. JPMorgan Chase & Co. raised its position in shares of South Jersey Industries by 60.7% during the second quarter. JPMorgan Chase & Co. now owns 143,872 shares of the utilities provider’s stock worth $4,916,000 after acquiring an additional 54,324 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of South Jersey Industries by 29.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 14,969 shares of the utilities provider’s stock worth $511,000 after acquiring an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

South Jersey Industries (SJI) opened at $31.00 on Friday. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $2,450.91, a PE ratio of 64.58, a price-to-earnings-growth ratio of 2.63 and a beta of 0.71. South Jersey Industries has a 1 year low of $30.75 and a 1 year high of $38.40.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Shareholders of record on Monday, December 11th will be given a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 8th. This is an increase from South Jersey Industries’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 3.61%. South Jersey Industries’s dividend payout ratio (DPR) is currently 233.34%.

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About South Jersey Industries

South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

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

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