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

SJW Group (NYSE:SJW) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

SJW Group (NYSE:SJW) last announced its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). SJW Group had a return on equity of 7.10% and a net margin of 12.68%. The firm had revenue of $171.34 million for the quarter, compared to analyst estimates of $161.23 million. During the same quarter last year, the business posted $1.09 EPS. 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 Stock Up 1.2 %

Shares of NYSE SJW opened at $52.56 on Thursday. SJW Group has a 1 year low of $51.37 and a 1 year high of $79.48. The firm’s 50 day moving average price is $56.56 and its 200 day moving average price is $60.81. The firm has a market cap of $1.69 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.58.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Friday, February 2nd. This is a positive change from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s dividend payout ratio (DPR) is 59.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of SJW Group from $61.00 to $62.00 and gave the stock an “equal weight” rating in a research note on Friday, February 23rd. Seaport Res Ptn raised shares of SJW Group from a “neutral” rating to a “buy” rating in a report on Monday, February 26th. Finally, StockNews.com lowered shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $66.00.

Institutional Trading of SJW Group

A number of institutional investors have recently made changes to their positions in SJW. Ameritas Investment Partners Inc. raised its holdings in shares of SJW Group by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,561 shares of the utilities provider’s stock worth $180,000 after purchasing an additional 399 shares in the last quarter. FMR LLC raised its holdings in shares of SJW Group by 18.4% during the first quarter. FMR LLC now owns 1,913 shares of the utilities provider’s stock valued at $146,000 after acquiring an additional 297 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of SJW Group by 9.1% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,755 shares of the utilities provider’s stock valued at $142,000 after acquiring an additional 147 shares during the period. Advisor Group Holdings Inc. raised its holdings in shares of SJW Group by 55.8% during the first quarter. Advisor Group Holdings Inc. now owns 1,385 shares of the utilities provider’s stock valued at $96,000 after acquiring an additional 496 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in SJW Group by 160.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the utilities provider’s stock valued at $83,000 after buying an additional 678 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.