St. Joe (JOE) Set to Announce Quarterly Earnings on Wednesday

St. Joe (NYSE:JOEGet Rating) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 27th.

St. Joe (NYSE:JOEGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The financial services provider reported $0.54 EPS for the quarter. The firm had revenue of $99.50 million during the quarter. St. Joe had a net margin of 27.91% and a return on equity of 11.79%.

Shares of St. Joe stock opened at $56.02 on Friday. St. Joe has a 52 week low of $39.80 and a 52 week high of $62.21. The company has a 50 day moving average price of $55.35 and a 200 day moving average price of $51.07. The firm has a market capitalization of $3.30 billion, a P/E ratio of 44.46 and a beta of 1.09.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 29th. Investors of record on Monday, March 7th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.71%. The ex-dividend date was Friday, March 4th. This is an increase from St. Joe’s previous quarterly dividend of $0.08. St. Joe’s dividend payout ratio is 31.75%.

In other news, Director Bruce R. Berkowitz sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $56.37, for a total transaction of $479,145.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Berkowitz sold 70,700 shares of the firm’s stock in a transaction that occurred on Wednesday, March 2nd. The stock was sold at an average price of $57.26, for a total transaction of $4,048,282.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 273,300 shares of company stock worth $15,431,357. 43.90% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in St. Joe in the 4th quarter valued at $16,768,000. Barclays PLC grew its stake in St. Joe by 21.7% in the 4th quarter. Barclays PLC now owns 43,486 shares of the financial services provider’s stock valued at $2,263,000 after acquiring an additional 7,741 shares during the period. BlackRock Inc. grew its stake in St. Joe by 1.7% in the 4th quarter. BlackRock Inc. now owns 5,019,828 shares of the financial services provider’s stock valued at $261,283,000 after acquiring an additional 82,622 shares during the period. Wells Fargo & Company MN grew its stake in St. Joe by 13.1% in the 4th quarter. Wells Fargo & Company MN now owns 130,471 shares of the financial services provider’s stock valued at $6,791,000 after acquiring an additional 15,078 shares during the period. Finally, SkyView Investment Advisors LLC acquired a new stake in St. Joe in the 4th quarter valued at $156,000. 86.96% of the stock is currently owned by institutional investors and hedge funds.

Separately, StockNews.com initiated coverage on shares of St. Joe in a report on Thursday, March 31st. They issued a “hold” rating on the stock.

About St. Joe (Get Rating)

The St. Joe Company, together with its subsidiaries, operates as a real estate development, asset management, and operating company in Northwest Florida. It operates through three segments: Residential, Hospitality, and Commercial. The Residential segment plans and develops residential communities of various sizes for homebuilders or retail consumers.

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Earnings History for St. Joe (NYSE:JOE)

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