SJW Group (SJW) Scheduled to Post Earnings on Thursday

SJW Group (NYSE:SJWGet Free Report) is set to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

SJW Group (NYSE:SJWGet Free Report) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The company had revenue of $171.34 million for the quarter, compared to the consensus estimate of $161.23 million. SJW Group had a return on equity of 7.10% and a net margin of 12.68%. During the same period in the prior year, the company earned $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 Up 1.8 %

Shares of NYSE SJW opened at $55.09 on Wednesday. The firm has a market cap of $1.77 billion, a PE ratio of 20.63, a P/E/G ratio of 2.62 and a beta of 0.58. SJW Group has a 12-month low of $51.37 and a 12-month high of $79.41. The company’s fifty day simple moving average is $56.14 and its 200 day simple moving average is $60.68. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 1.24.

SJW Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were issued a dividend of $0.40 per share. This is an increase from SJW Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Friday, February 2nd. This represents a $1.60 annualized dividend and a yield of 2.90%. SJW Group’s dividend payout ratio is presently 59.93%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Wells Fargo & Company upped their price objective on shares of SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a report on Friday, February 23rd. Finally, Seaport Res Ptn upgraded shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $66.00.

Read Our Latest Report on SJW

About SJW Group

(Get Free Report)

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.

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Earnings History for SJW Group (NYSE:SJW)

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