SBSP3.SA - Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
50.80
-0.68 (-1.32%)
As of 3:43PM BRT. Market open.
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Previous Close51.48
Open51.42
Bid50.78 x 0
Ask50.80 x 0
Day's Range50.33 - 51.90
52 Week Range23.21 - 52.70
Volume974,200
Avg. Volume3,027,698
Market Cap34.722B
Beta (3Y Monthly)1.30
PE Ratio (TTM)11.96
EPS (TTM)4.25
Earnings DateAug 10, 2017 - Aug 14, 2017
Forward Dividend & Yield1.16 (2.23%)
Ex-Dividend Date2019-04-30
1y Target Est34.13
  • Sao Paulo Seeks $5 Billion With Sale of Water Company Sabesp
    Bloomberg5 days ago

    Sao Paulo Seeks $5 Billion With Sale of Water Company Sabesp

    (Bloomberg) -- Shares of Sabesp rallied to a record high after Sao Paulo State Governor Joao Doria said privatizing the water utility is still the “best option” if Brazilian lawmakers approve a bill that facilitates investment in sanitation.Doria’s team expects the sanitation bill to start moving in Congress in August, together with the government’s plan to overhaul the tax system, as the approval of pension reform should clear the way for lawmakers to focus on other matters, Doria and his Finance Secretary Henrique Meirelles said in an interview in London. Selling control of the water utility, formally known as Cia de Saneamento Basico do Estado de Sao Paulo, could raise almost 20 billion reais ($5.3 billion), Doria said.Shares of the utility jumped as much as 6.5% in Sao Paulo trading. It was the biggest increase in the Ibovespa index, which fell 0.6% on Thursday.The second option would be capitalization, a route that would be pursued if the bill isn’t approved or if it’s changed in a way that gives too much competitive advantage for state-controlled companies, Meirelles said. In that case, the government would create a holding company to take over the state’s 51% stake in Sabesp and then sell 49% of that holding in the market, he said.“With the privatization plan we would sell control, but the capitalization would still be at a very sizable amount,” Meirelles said.Sabesp’s shares soared almost 60% this year through Wednesday, the best performance in the MSCI Emerging Markets Utilities Index, on the prospect the new legal framework for the sector will allow the state to move forward with the privatization.“The market is reacting to Doria’s remarks,” Renato Pinto, an analyst at Eleven Financial Research, said in a phone interview. “But it’s important to mention that, while possible, Sabesp’s privatization will require the approval of the sanitation bill in Congress and Sao Paulo state assembly’s backing in order to proceed.”The state is looking to privatize other companies in the infrastructure sector, Doria said in an interview with Bloomberg TV.“We are open to new investment,” he said.(Adds analyst comment in last paragraph.)\--With assistance from Vinícius Andrade.To contact the reporters on this story: Telma Marotto in London at tmarotto1@bloomberg.net;Francine Lacqua in London at flacqua@bloomberg.netTo contact the editors responsible for this story: Justin Carrigan at jcarrigan@bloomberg.net, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Did Hedge Funds Drop The Ball On Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) ?
    Insider Monkey22 days ago

    Did Hedge Funds Drop The Ball On Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) ?

    It seems that the masses and most of the financial media hate hedge funds and what they do, but why is this hatred of hedge funds so prominent? At the end of the day, these asset management firms do not gamble the hard-earned money of the people who are on the edge of poverty. Truth […]

  • PR Newswirelast month

    Sabesp - Material Fact

    SAO PAULO , June 13, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – SABESP (" SABESP " and " Company "), pursuant to the provisions of Article 157, Paragraph ...

  • Thomson Reuters StreetEvents2 months ago

    Edited Transcript of SBSP3.SA earnings conference call or presentation 14-May-19 5:00pm GMT

    Q1 2019 Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Earnings Call

  • Associated Press2 months ago

    Sabesp: 1Q Earnings Snapshot

    On a per-share basis, the Sp, Brazil-based company said it had net income of 25 cents. The waste management company posted revenue of $1.03 billion in the period. Sabesp shares have climbed 50% since the ...

  • PR Newswire2 months ago

    Sabesp Announces 1Q19 Results

    SÃO PAULO, May 9, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based on ...

  • PR Newswire3 months ago

    Sabesp- Filing of 20-F Form 2018

    SÃO PAULO, Brazil , April 26, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS) (the "Company"), one of the largest water and sewage service ...

  • PR Newswire3 months ago

    SABESP - MATERIAL FACT

    SAO PAULO , April 10, 2019 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp (Sabesp or Company), in compliance with Rule No. 358 issued by the Brazilian Securities and Exchange ...

  • Thomson Reuters StreetEvents3 months ago

    Edited Transcript of SBSP3.SA earnings conference call or presentation 2-Apr-19 5:00pm GMT

    Q4 2018 Companhia de Saneamento Basico do Estado de Sao Paulo SABESP Earnings Call

  • Associated Press4 months ago

    Sabesp: 4Q Earnings Snapshot

    On a per-share basis, the Sp, Brazil-based company said it had profit of 58 cents. The waste management company posted revenue of $1.29 billion in the period. For the year, the company reported profit ...

  • PR Newswire4 months ago

    Sabesp Announces 2018 Results

    SÃO PAULO, March 29, 2019 /PRNewswire/ --  Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based ...

  • Reuters5 months ago

    Brookfield eying other targets in Brazil including Sabesp -source

    Canadian asset manager Brookfield Asset Management Inc is looking for additional targets in Brazil after a recent wave of acquisitions, including Sao Paulo state sanitation company Sabesp, a source familiar with the plans told Reuters. Sao Paulo's government, which took office in January, wants to privatize several companies to raise some 3 billion reais ($794 million). Among the targeted divestments is its controlling stake in Sabesp, one of the world's largest sanitation companies serving 28 million people.

  • PR Newswire5 months ago

    Material Fact 2nd Ordinary Tariff Revision

    SÃO PAULO, Feb. 28, 2019 /PRNewswire/ --  Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), pursuant to the provisions of Article 157, Paragraph ...

  • Reuters6 months ago

    Sao Paulo state plans to privatize sanitation firm in 2019 - Meirelles

    Brazil´s state of Sao Paulo plans to privatize its sanitation company this year, state finance secretary Henrique Meirelles said in a statement, confirming an interview published by newspaper Valor Economico on Wednesday. Meirelles said the state wants to auction off Companhia de Saneamento Basico do Estado de Sao Paulo, known as Sabesp , though congress still has to approve new regulations allowing the sale. Meirelles said that if the sanitation regulation bill is not approved during the first half of 2019, the state will take the alternative measure of selling up to 4 billion reais ($1 billion) in new shares.

  • Reuters6 months ago

    EMERGING MARKETS-Brazil real, Chile peso slip after weak China data

    Brazil's real dropped to its lowest in a week on Monday and the Chilean peso weakened in line with other emerging markets currencies as dismal trade data from China deepened fears of slowing global growth. ...

  • Reuters6 months ago

    EMERGING MARKETS-Mexican peso slips on global risk aversion, Brazil's real bucks trend

    The Mexican peso weakened on Thursday as investors sought safe haven assets on worries about slowing global economic growth, but Brazil's real bucked the trend due to expectations for policy reform by the country's new government. The real firmed 0.6 percent to a six-week peak against a weaker dollar, after rising more than 2 percent on Wednesday, as newly sworn in President Jair Bolsonaro's government took steps towards delivering promised and much needed reforms. Brazil stocks also rose, recovering from a dip in early trade, and staying at all-time high levels hit on Wednesday.

  • Why Companhia Siderurgica Nacional, SABESP, and Electrobras Stocks All Popped More Than 11% Today
    Motley Fool6 months ago

    Why Companhia Siderurgica Nacional, SABESP, and Electrobras Stocks All Popped More Than 11% Today

    Investors cheer a new President for Brazil.

  • Is Companhia de Saneamento Basico (SBS) A Good Stock To Buy?
    Insider Monkey7 months ago

    Is Companhia de Saneamento Basico (SBS) A Good Stock To Buy?

    Based on the fact that hedge funds have collectively under-performed the market for several years, it would be easy to assume that their stock picks simply aren’t very good. However, our research shows this not to be the case. In fact, when it comes to their very top picks collectively, they show a strong ability […]

  • Thomson Reuters StreetEvents7 months ago

    Edited Transcript of SBSP3.SA earnings conference call or presentation 9-Nov-18 4:00pm GMT

    Q3 2018 Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP Earnings Call

  • PR Newswire7 months ago

    SABESP: Material Fact

    SAO PAULO, Dec. 12, 2018 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Company" or "Sabesp"), in compliance with the provisions of Article 157, Paragraph 4 of Law 6404/76 and the provisions of CVM Instruction Nr. 358/02, informs to its shareholders and to the market in general, continuing the Material Fact disclosed on September 20, 2018, that on December 12, 2018 the Company signed i) the Contract for the Provision of Public Services between the State of São Paulo, the Municipality of Guarulhos and Sabesp ("Contract") and ii) the Term of Adjustment for the Payment and Receipt of the Debt between the Autonomous Service of Water and Sewage of Guarulhos (Serviço Autônomo de Água e Esgoto or "SAAE"), the Municipality of Guarulhos and Sabesp ("Term of Adjustment").

  • Associated Press8 months ago

    Sabesp: 3Q Earnings Snapshot

    On a per-share basis, the Sp, Brazil-based company said it had net income of 21 cents. The waste management company posted revenue of $967.5 million in the period. Sabesp shares have decreased 30 percent ...

  • PR Newswire8 months ago

    Sabesp Announces 3Q18 Results

    SÃO PAULO, Nov. 8, 2018 /PRNewswire/ --  Companhia de Saneamento Básico do Estado de São Paulo - SABESP (B3: SBSP3; NYSE: SBS), one of the largest water and sewage services providers in the world based ...