Brokerages expect SJW Group (NYSE:SJW) to announce earnings per share of $0.33 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SJW Group’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.24. SJW Group reported earnings of $0.50 per share in the same quarter last year, which would suggest a negative year over year growth rate of 34%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 19th.
On average, analysts expect that SJW Group will report full year earnings of $1.39 per share for the current year, with EPS estimates ranging from $1.36 to $1.42. For the next financial year, analysts anticipate that the business will post earnings of $2.32 per share, with EPS estimates ranging from $2.30 to $2.34. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover SJW Group.
SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, October 30th. The utilities provider reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.41). SJW Group had a return on equity of 5.27% and a net margin of 9.59%. The company had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $127.00 million.
A number of analysts recently commented on the company. Wells Fargo & Co set a $80.00 price objective on SJW Group and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Macquarie assumed coverage on shares of SJW Group in a research note on Monday, October 7th. They issued an “outperform” rating and a $79.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of SJW Group in a report on Friday, November 15th. They issued a “neutral” rating and a $73.00 target price on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and set a $71.00 price target on shares of SJW Group in a research note on Thursday, September 5th. Finally, ValuEngine cut shares of SJW Group from a “buy” rating to a “hold” rating in a research note on Friday, November 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $74.83.
Shares of NYSE:SJW opened at $71.60 on Thursday. The company has a quick ratio of 3.52, a current ratio of 3.52 and a debt-to-equity ratio of 0.57. SJW Group has a 52-week low of $51.82 and a 52-week high of $74.47. The stock’s fifty day simple moving average is $70.75 and its 200-day simple moving average is $66.47. The company has a market capitalization of $2.03 billion, a P/E ratio of 41.00, a P/E/G ratio of 10.08 and a beta of -0.01.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a $0.30 dividend. The ex-dividend date was Thursday, November 7th. This is an increase from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.20 annualized dividend and a yield of 1.68%. SJW Group’s payout ratio is 47.81%.
In other SJW Group news, Director Valer Robert A. Van purchased 7,500 shares of SJW Group stock in a transaction on Tuesday, November 12th. The shares were bought at an average price of $67.21 per share, with a total value of $504,075.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.20% of the company’s stock.
Several large investors have recently made changes to their positions in SJW. Amundi Pioneer Asset Management Inc. acquired a new position in SJW Group in the first quarter valued at $16,536,000. Nuveen Asset Management LLC purchased a new stake in SJW Group in the 2nd quarter valued at about $7,630,000. FMR LLC grew its holdings in SJW Group by 24.5% in the 1st quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock valued at $33,886,000 after buying an additional 108,003 shares during the period. Renaissance Technologies LLC increased its stake in shares of SJW Group by 12.3% during the 2nd quarter. Renaissance Technologies LLC now owns 949,200 shares of the utilities provider’s stock valued at $57,683,000 after acquiring an additional 103,700 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of SJW Group by 6.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,616,373 shares of the utilities provider’s stock valued at $98,227,000 after acquiring an additional 92,643 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.
About SJW Group
SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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