SJW Group (SJW) Set to Announce Earnings on Thursday

SJW Group (NYSE:SJW) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

SJW Group (NYSE:SJW) last issued its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). SJW Group had a return on equity of 7.10% and a net margin of 12.68%. The business had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. During the same period in the previous year, the company posted $1.09 earnings per share. On average, analysts expect SJW Group to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

SJW Group Stock Down 0.3 %

Shares of SJW stock opened at $54.09 on Tuesday. The stock’s fifty day moving average price is $56.21 and its 200 day moving average price is $60.72. SJW Group has a 1-year low of $51.37 and a 1-year high of $79.41. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 20.26, a price-to-earnings-growth ratio of 2.63 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.58 and a quick ratio of 0.58.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Friday, February 2nd. This is an increase from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s dividend payout ratio (DPR) is currently 59.93%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. Finally, Wells Fargo & Company upped their target price on SJW Group from $61.00 to $62.00 and gave the company an “equal weight” rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $66.00.

SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.