SJW Group (NYSE:SJW) Issues FY 2024 Earnings Guidance

SJW Group (NYSE:SJW) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.680-2.780 for the period, compared to the consensus EPS estimate of 2.750. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com raised SJW Group from a sell rating to a hold rating in a research note on Friday, April 26th. Wells Fargo & Company boosted their target price on SJW Group from $62.00 to $63.00 and gave the stock an equal weight rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, SJW Group has an average rating of Hold and a consensus target price of $66.33.

SJW Group Trading Down 1.3 %

Shares of NYSE:SJW traded down $0.79 during midday trading on Friday, hitting $60.87. 171,942 shares of the stock were exchanged, compared to its average volume of 185,178. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 2.99 and a beta of 0.61. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.55 and a current ratio of 0.49. The business’s 50-day moving average price is $55.26 and its 200 day moving average price is $56.73. SJW Group has a 12 month low of $51.17 and a 12 month high of $72.17.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The company had revenue of $149.38 million for the quarter, compared to analysts’ expectations of $140.60 million. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. Analysts predict that SJW Group will post 2.75 earnings per share for the current year.

SJW Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, August 5th. SJW Group’s dividend payout ratio (DPR) is currently 60.15%.

Insider Transactions at SJW Group

In related news, insider Craig J. Patla sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total value of $77,868.00. Following the sale, the insider now directly owns 3,300 shares in the company, valued at $183,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

About SJW Group

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.