SJW Group (SJW) Expected to Announce Quarterly Earnings on Wednesday

SJW Group (NYSE:SJW) will likely be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect SJW Group to post earnings of $0.55 per share and revenue of $187.48 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

SJW Group Stock Down 0.6 %

Shares of NYSE:SJW opened at $52.36 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market capitalization of $1.71 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.89 and a beta of 0.65. The firm’s 50-day moving average is $49.76 and its two-hundred day moving average is $54.71. SJW Group has a 1 year low of $44.91 and a 1 year high of $62.18.

SJW Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.42 per share. The ex-dividend date is Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.21%. SJW Group’s dividend payout ratio is 57.97%.

Analysts Set New Price Targets

SJW has been the topic of a number of recent research reports. Bank of America upgraded shares of SJW Group from a “neutral” rating to a “buy” rating and cut their target price for the stock from $59.00 to $55.00 in a research note 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 lowered 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.