California Water Service Group (CWT) Scheduled to Post Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT) will be announcing its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings data on Thursday, February 29th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.50 by ($0.98). California Water Service Group had a return on equity of 3.75% and a net margin of 6.53%. The firm had revenue of $214.50 million for the quarter, compared to the consensus estimate of $269.41 million. During the same period in the prior year, the company posted $0.35 earnings per share. California Water Service Group’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts expect California Water Service Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Price Performance

Shares of California Water Service Group stock opened at $46.23 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.65. California Water Service Group has a fifty-two week low of $43.50 and a fifty-two week high of $58.72. The firm has a fifty day moving average price of $46.08 and a two-hundred day moving average price of $48.33. The company has a market cap of $2.67 billion, a PE ratio of 51.94 and a beta of 0.49.

California Water Service Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Monday, February 12th were issued a $1.12 dividend. The ex-dividend date was Friday, February 9th. This is an increase from California Water Service Group’s previous quarterly dividend of $0.26. This represents a $4.48 dividend on an annualized basis and a yield of 9.69%. California Water Service Group’s dividend payout ratio is 125.84%.

Wall Street Analyst Weigh In

CWT has been the subject of a number of analyst reports. StockNews.com raised shares of California Water Service Group to a “sell” rating in a report on Saturday, March 9th. TheStreet downgraded shares of California Water Service Group from a “b-” rating to a “c+” rating in a report on Wednesday, February 14th. UBS Group raised shares of California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 price objective for the company in a report on Thursday, April 4th. Finally, Robert W. Baird reduced their price objective on shares of California Water Service Group from $56.00 to $52.00 and set an “outperform” rating for the company in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, California Water Service Group presently has an average rating of “Hold” and an average price target of $53.50.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.