SJW Group (SJW) Projected to Post Earnings on Wednesday

SJW Group (NYSE:SJW) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.55 per share and revenue of $187.48 million for the quarter.

SJW Group Stock Performance

Shares of SJW stock opened at $52.12 on Wednesday. The business’s 50 day simple moving average is $49.81 and its 200 day simple moving average is $54.94. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. SJW Group has a one year low of $44.91 and a one year high of $62.18. The stock has a market capitalization of $1.70 billion, a PE ratio of 18.88, a PEG ratio of 3.89 and a beta of 0.65.

SJW Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 10th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Monday, February 10th. This represents a $1.68 annualized dividend and a yield of 3.22%. This is a boost from SJW Group’s previous quarterly dividend of $0.40. SJW Group’s dividend payout ratio (DPR) is currently 57.97%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SJW shares. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and cut their price target for the stock from $59.00 to $55.00 in a report on Monday, February 3rd. Wells Fargo & Company cut their target price on shares of SJW Group from $61.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Finally, StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th.

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.