Brokerages expect South Jersey Industries Inc (NYSE:SJI) to announce $285.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for South Jersey Industries’ earnings. The lowest sales estimate is $246.00 million and the highest is $325.00 million. South Jersey Industries posted sales of $302.48 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The business is expected to report its next earnings results on Wednesday, November 6th.

According to Zacks, analysts expect that South Jersey Industries will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.64 billion to $1.85 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.77 billion, with estimates ranging from $1.61 billion to $1.92 billion. Zacks’ sales 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 earnings results on Wednesday, August 7th. The utilities provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.09). South Jersey Industries had a return on equity of 7.10% and a net margin of 7.97%. The firm had revenue of $266.93 million for the quarter, compared to analyst estimates of $254.12 million. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was up 17.4% compared to the same quarter last year.

A number of research firms recently commented on SJI. Guggenheim raised South Jersey Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $32.00 to $35.00 in a report on Thursday, June 13th. ValuEngine raised South Jersey Industries from a “hold” rating to a “buy” rating in a report on Monday, May 13th. TheStreet raised South Jersey Industries from a “c+” rating to a “b-” rating in a report on Tuesday, July 9th. Morgan Stanley set a $31.00 target price on South Jersey Industries and gave the stock a “hold” rating in a report on Thursday, May 16th. Finally, Maxim Group set a $40.00 price target on South Jersey Industries and gave the company a “buy” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $34.57.

Shares of South Jersey Industries stock traded up $0.45 on Thursday, reaching $31.31. 496,443 shares of the stock were exchanged, compared to its average volume of 590,960. 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 $36.72. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 4.04 and a beta of 0.71. The business has a 50 day moving average price of $33.13 and a two-hundred day moving average price of $32.07.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Shareholders of record on Tuesday, September 10th will be issued a $0.287 dividend. This represents a $1.15 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Monday, September 9th. South Jersey Industries’s payout ratio is presently 83.33%.

Large investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in South Jersey Industries by 221.7% in the first quarter. Versant Capital Management Inc now owns 1,155 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 796 shares during the period. Advisory Services Network LLC lifted its holdings in South Jersey Industries by 65.3% in the second quarter. Advisory Services Network LLC now owns 1,190 shares of the utilities provider’s stock valued at $40,000 after acquiring an additional 470 shares during the period. Stonebridge Capital Advisors LLC acquired a new position in South Jersey Industries in the second quarter valued at approximately $51,000. Pinnacle Financial Partners Inc. acquired a new position in South Jersey Industries in the first quarter valued at approximately $61,000. Finally, Quadrant Capital Group LLC lifted its holdings in South Jersey Industries by 720.2% in the first quarter. Quadrant Capital Group LLC now owns 2,116 shares of the utilities provider’s stock valued at $62,000 after acquiring an additional 1,858 shares during the period. 83.31% of the stock is owned by institutional investors.

About South Jersey Industries

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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