SJW Group (SJW) Scheduled to Post Earnings on Thursday

SJW Group (NYSE:SJW) will be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect SJW Group to post earnings of $0.35 per share for the quarter. Persons that are interested in participating in the company’s earnings 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 the consensus estimate of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The business had revenue of $171.34 million during the quarter, compared to analyst estimates of $161.23 million. During the same quarter in the previous year, the firm 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 Up 1.8 %

Shares of SJW stock opened at $55.09 on Wednesday. The firm’s fifty day moving average price is $56.14 and its two-hundred day moving average price is $60.68. SJW Group has a 1 year low of $51.37 and a 1 year high of $79.41. The firm has a market capitalization of $1.77 billion, a P/E ratio of 20.63, a PEG ratio of 2.62 and a beta of 0.58. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24.

SJW Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 5th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date 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 59.93%.

Analyst Upgrades and Downgrades

Several analysts recently commented on SJW shares. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. Wells Fargo & Company lifted their target price 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, StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.00.

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.