South Jersey Industries Inc. (SJI): Analysis on simple moving average


South Jersey Industries Inc. (NYSE:SJI) changes shares on Tuesday trading session, with a change of 1.04% or $0.24 shares. The trading starts at $23.08 and closed at $23.17 throughout the day. The trading session low price was $23.08 and day high was $23.64 on Tuesday, August 04. After the session, the Utilities sector daily volume shifted to 0.55 million while its average volume is 835.47K. In other hand, the SJI market cap reached to $2.18B. While, its current target price is $29.38.

On May 7, 2018, BRIEF-South Jersey Industries Posts Q1 Earnings Per Share $0.66. According to the news reported on Reuters, * Q1 GAAP EARNINGS PER SHARE $1.40 FROM CONTINUING OPERATIONS

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.68% and down -2.42% for month. Its quarterly performance was -12.19% below, while its half year performance is down -26.68%. SJI yearly performance stood at negative -26.94% and fall -29.02% for year-to-date. Current recommendation for South Jersey Industries Inc. is 2.60.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. SJI EPS (TTM) for 12-month is 1.00. EPS for this year is 297.70%, while for the next year its value is 1.68. Sales growth for the current quarter is 2.26 while its EPS Q/Q reached 16.50%. It has an EPS of -10.50% down for past five years and for the next five years will be up 10.30%.

Let’s take a look on the analyst recommendations on SJI for the current month and previous month. For the current month, 3 of 8 analysts recommend stock as Buy while 2 as Sell, 0 as overweight, 1 as underweight and 2 as Hold. As compared with the previous month ratings, 7 analysts participate in stock recommendation. Out of 7, 2 rated it sell, 3 rated it as Buy and 1 as Hold Ratings. On the other hand, target price ranges from $20.00 – $36.00. Average target price for SJI was reached at $27.75.

Blackrock Inc., Vanguard Group, Inc. (The) and State Street Corporation are the top three holders in South Jersey Industries Inc. (SJI) stock. On Mar 30, 2020, Blackrock Inc. has 13.98 million shares which valued 349.53 million. On Mar 30, 2020, Vanguard Group, Inc. (The) owned 10.68 million shares which valued at 266.91 million. On Mar 30, 2020, State Street Corporation has a total of 8.78 million shares which valued at 219.53 million. In the end, State Street Corporation have 9.50% shares outstanding of South Jersey Industries Inc. (SJI) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 90.50%.

The company posted an EPS (TTM) of 1.00. According to the most recent quarter report on (Jun 2020), 9 analysts estimated an average EPS of -0.04, while -0.13 EPS posted a year ago period. Analyst Estimated EPS for SJI published in the report was -$0.1 – $0.05 during the same period. Comparing with last year, the average estimated EPS was -0.13 which is lower than 1.15 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for SJI fall -17.36% for period of 200 days. SMA for 50 days was -6.82% which is showing red signal, while SMA-20 was -0.29%. The moving average value for South Jersey Industries Inc. (SJI) is 26.83 and 23.93 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in SJI stock. On May 18, HARTNETT-DEVLIN SHEILA, Director, sold 7,200 trading shares at the cost of $27.13, which valued at 0.2 million.