South Jersey Industries (SJI) Is Today's Pre-Market Mover With Heavy Volume Stock
Trade-Ideas LLC identified
(
) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified South Jersey Industries as such a stock due to the following factors:
- SJI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $14.0 million.
- SJI traded 53,275 shares today in the pre-market hours as of 7:53 AM, representing 10.4% of its average daily volume.
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More details on SJI:
South Jersey Industries, Inc., through its subsidiaries, provides energy-related products and services. It engages in the purchase, transmission, and sale of natural gas. The stock currently has a dividend yield of 3.7%. SJI has a PE ratio of 17. Currently there are 4 analysts that rate South Jersey Industries a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for South Jersey Industries has been 340,000 shares per day over the past 30 days. South Jersey has a market cap of $2.0 billion and is part of the utilities sector and utilities industry. The stock has a beta of 0.65 and a short float of 5.1% with 6.49 days to cover. Shares are up 14.9% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates South Jersey Industries as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.
Highlights from the ratings report include:
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.
- SOUTH JERSEY INDUSTRIES INC has improved earnings per share by 21.0% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SOUTH JERSEY INDUSTRIES INC increased its bottom line by earning $1.53 versus $1.47 in the prior year. This year, the market expects an improvement in earnings ($1.58 versus $1.53).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Gas Utilities industry. The net income increased by 27.0% when compared to the same quarter one year prior, rising from $53.58 million to $68.07 million.
- 40.52% is the gross profit margin for SOUTH JERSEY INDUSTRIES INC which we consider to be strong. It has increased significantly from the same period last year. Along with this, the net profit margin of 20.43% is above that of the industry average.
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 18.9%. Since the same quarter one year prior, revenues fell by 13.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
- You can view the full South Jersey Industries Ratings Report.
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