SJW Group (SJW) Set to Announce Quarterly Earnings on Monday

SJW Group (NYSE:SJW) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $1.17 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.09. The business had revenue of $176.17 million during the quarter, compared to the consensus estimate of $165.10 million. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. 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 Trading Up 0.0 %

NYSE:SJW opened at $59.57 on Monday. The company has a market capitalization of $1.92 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 3.55 and a beta of 0.62. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 1.22. SJW Group has a 52-week low of $51.17 and a 52-week high of $70.43. The stock has a fifty day simple moving average of $58.61 and a 200-day simple moving average of $56.74.

SJW Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend was Monday, August 5th. SJW Group’s dividend payout ratio (DPR) is presently 60.15%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on SJW Group from $62.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Bank of America initiated coverage on shares of SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 target price for the company.

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.