South Jersey Industries Inc (SJI) Releases Earnings Results, Reports EPS of $0.80 EPS

South Jersey Industries Inc (SJI) reported quarterly earnings results on Friday, May-6-2016. The company reported $0.80 EPS for the quarter. Analysts had a consensus estimate of $0.80. Analysts expectations of $402.65 million. During the same quarter in the previous year, the company posted $0.86 EPS.

Many Wall Street Analysts have commented on South Jersey Industries Inc. Sidoti Initiated South Jersey Industries Inc on Mar 30, 2016 to “Buy”, Price Target of the shares are set at $35.

South Jersey Industries Inc opened for trading at $28.16 and hit $28.92 on the upside on Wednesday, eventually ending the session at $28.67, with a gain of 1.74% or 0.49 points. The heightened volatility saw the trading volume jump to 3,36,088 shares. Company has a market cap of $2,039 M.

In a different news, on Apr 5, 2016, Gina Marie Merritt-epps (Senior VP, General Counsel) sold 2,000 shares at $28.35 per share price. According to the SEC, on Mar 30, 2016, Stephen H Clark (SVP, Chief Financial Officer) sold 2,000 shares at $27.80 per share price. On Aug 19, 2015, Victor Fortkiewicz (director) purchased 1,000 shares at $25.82 per share price, according to the Form-4 filing with the securities and exchange commission.

South Jersey Industries Inc. (SJI) is an energy services holding company. The Company provides energy-related products and services 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 Marina Energy LLC (Marina) South Jersey Energy Service Plus LLC and SJI Midstream LLC. It operates in several operating segments: Gas utility operations consist of natural gas distribution; Wholesale energy operations include the activities of SJRG and SJEX; SJE is involved in retail gas and retail electric activities; Retail gas and other operations include natural gas acquisition and transportation services; Retail electric operations consist of electricity acquisition and transportation; On-site energy production consists of Marina’s thermal energy facility and Appliance service operations include SJESP’s servicing of appliances.

South Jersey Industries Inc

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