Positive Report for South Jersey Industries from Hilliard Lyons

By Austin Angelo

South Jersey Industries (NYSE: SJI) received a Buy rating from Hilliard Lyons analyst Spencer Joyce today. The company’s shares opened today at $35.43.

According to TipRanks.com, Joyce is a 1-star analyst with an average return of -2.7% and a 42.9% success rate. Joyce covers the Utilities sector, focusing on stocks such as Nuverra Environmental Solutions Inc, Chesapeake Utilities Corp, and Connecticut Water Service.

South Jersey Industries has an analyst consensus of Moderate Buy.

Based on South Jersey Industries’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $244 million and GAAP net loss of $7.66 million. In comparison, last year the company earned revenue of $188 million and had a GAAP net loss of $4.83 million.

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South Jersey Industries, Inc. is a holding company, which engages in delivering energy solutions to its consumers through its primary subsidiaries. It operates through the following segments: Gas Utility Operations, Wholesale Energy Operations, South Jersey Energy (SJE), On-Site Energy Production, Appliance Service Operations, and Midstream.