SBS - Companhia de Saneamento Básico do Estado de São Paulo - SABESP

NYSE - NYSE Delayed Price. Currency in USD
14.34
+0.72 (+5.29%)
At close: 4:02PM EDT
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Previous Close13.62
Open0.00
Bid14.11 x 4000
Ask0.00 x 800
Day's Range0.00 - 0.00
52 Week Range
Volume0
Avg. Volume2,049,433
Market Cap9.383B
Beta (3Y Monthly)0.33
PE Ratio (TTM)19.20
EPS (TTM)0.75
Earnings DateN/A
Forward Dividend & Yield0.30 (2.09%)
Ex-Dividend Date2019-04-30
1y Target Est12.53
Trade prices are not sourced from all markets
  • Sao Paulo Seeks $5 Billion With Sale of Water Company Sabesp
    Bloomberg8 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.

  • American Water Works Receives Rate Case Approval in Kentucky
    Zacks21 days ago

    American Water Works Receives Rate Case Approval in Kentucky

    American Water Works (AWK) to make $100-million investment toward infrastructure, following the receipt of approved water rates.

  • Did Hedge Funds Drop The Ball On Companhia de Saneamento Básico do Estado de São Paulo – SABESP (SBS) ?
    Insider Monkey25 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 ...

  • Sabesp (SBS) is a Top Dividend Stock Right Now: Should You Buy?
    Zackslast month

    Sabesp (SBS) is a Top Dividend Stock Right Now: Should You Buy?

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sabesp (SBS) have what it takes? Let's find out.

  • American Water (AWK) Arm to Invest $0.65M in Water Treatment
    Zackslast month

    American Water (AWK) Arm to Invest $0.65M in Water Treatment

    American Water (AWK) has been making continued investment in strengthening its existing water & wastewater infrastructure, and plans to invest within $8-$8.6 billion in the 2019-2023 time frame.

  • American States Water (AWR) Gets General Rate Case Approval
    Zackslast month

    American States Water (AWR) Gets General Rate Case Approval

    CPUC's water general rate case approval will allow further infrastructure investments for American States Water (AWR).

  • 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

  • American Water's Arm Chalks Out Investment Plans for 2019
    Zacks2 months ago

    American Water's Arm Chalks Out Investment Plans for 2019

    American Water Works' (AWK) unit, Pennsylvania American Water, will invest nearly $355 million in 2019, which will enable it to provide quality services to the expanding customer base.

  • SABESP's (SBS) Q1 Earnings Miss Estimates, Revenues Beat
    Zacks2 months ago

    SABESP's (SBS) Q1 Earnings Miss Estimates, Revenues Beat

    SABESP (SBS) surpasses first-quarter revenue expectation, and increases water and sewage billed volumes year over year in the reported quarter.

  • 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 ...

  • Here's Why Momentum Investors Will Love Sabesp (SBS)
    Zacks2 months ago

    Here's Why Momentum Investors Will Love Sabesp (SBS)

    Does Sabesp (SBS) have what it takes to be a top stock pick for momentum investors? Let's find out.

  • This is Why Sabesp (SBS) is a Great Dividend Stock
    Zacks2 months ago

    This is Why Sabesp (SBS) is a Great Dividend Stock

    Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sabesp (SBS) have what it takes? Let's find out.

  • 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 ...

  • American Water's Unit to Acquire East Pasadena Water Company
    Zacks3 months ago

    American Water's Unit to Acquire East Pasadena Water Company

    American Water Works' (AWK) unit California American Water enters into an agreement to acquire assets of East Pasadena Water Company and further expand operation in California.

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  • 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 ...

  • SABESP's (SBS) Q4 Earnings & Revenues Surpass Estimates
    Zacks3 months ago

    SABESP's (SBS) Q4 Earnings & Revenues Surpass Estimates

    SABESP's (SBS) fourth-quarter earnings and revenues surpass expectations, courtesy of improvement in total water and sewage billed volumes.

  • 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 ...