California Water Service Group (CWT) to Release Earnings on Thursday

California Water Service Group (NYSE:CWT) will likely be releasing its earnings data before the market opens on Thursday, February 27th. Analysts expect California Water Service Group to post earnings of $0.38 per share and revenue of $216.37 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

California Water Service Group Trading Up 0.1 %

Shares of CWT stock opened at $45.52 on Friday. The company’s fifty day simple moving average is $44.90 and its two-hundred day simple moving average is $49.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. California Water Service Group has a 1 year low of $41.64 and a 1 year high of $56.25. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 0.47 and a beta of 0.52.

California Water Service Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be given a dividend of $0.30 per share. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date of this dividend is Monday, February 10th. California Water Service Group’s payout ratio is 34.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America assumed coverage on shares of California Water Service Group in a research report on Wednesday, December 11th. They set a “buy” rating and a $57.00 price target for the company. Wells Fargo & Company upgraded shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $56.00 to $52.00 in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Saturday, February 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, California Water Service Group presently has an average rating of “Moderate Buy” and a consensus price target of $53.25.

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.