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

California Water Service Group (NYSE:CWT) will release its earnings data after the market closes on Thursday, October 31st. Analysts expect California Water Service Group to post earnings of $1.09 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

California Water Service Group (NYSE:CWT) last posted its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.28. California Water Service Group had a net margin of 17.78% and a return on equity of 11.94%. The company had revenue of $244.30 million during the quarter, compared to analyst estimates of $216.25 million. During the same period in the prior year, the business posted $0.17 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Trading Up 0.2 %

NYSE CWT opened at $52.97 on Thursday. The stock has a market cap of $3.06 billion, a P/E ratio of 21.24 and a beta of 0.49. The stock has a 50 day simple moving average of $53.84 and a two-hundred day simple moving average of $51.22. California Water Service Group has a fifty-two week low of $43.50 and a fifty-two week high of $56.25. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.49 and a current ratio of 0.52.

California Water Service Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.28 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.12 dividend on an annualized basis and a yield of 2.11%. California Water Service Group’s dividend payout ratio (DPR) is 44.80%.

Insider Activity at California Water Service Group

In related news, Director Thomas M. Krummel sold 555 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $55.09, for a total value of $30,574.95. Following the completion of the sale, the director now directly owns 21,951 shares in the company, valued at $1,209,280.59. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 1,665 shares of company stock valued at $90,093. 0.73% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded shares of California Water Service Group from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $50.00 to $57.00 in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, California Water Service Group has a consensus rating of “Hold” and a consensus target price of $53.67.

California Water Service Group Company Profile

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.