SJW Group Forecasted to Earn Q1 2022 Earnings of $0.10 Per Share (NYSE:SJW)

SJW Group (NYSE:SJWGet Rating) – Equities research analysts at Seaport Res Ptn issued their Q1 2022 EPS estimates for shares of SJW Group in a report issued on Tuesday, April 26th. Seaport Res Ptn analyst A. Storozynski forecasts that the utilities provider will post earnings of $0.10 per share for the quarter. Seaport Res Ptn has a “Buy” rating on the stock.

Several other equities analysts have also commented on SJW. StockNews.com began coverage on SJW Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Finally, Barclays raised their price target on shares of SJW Group from $70.00 to $73.00 and gave the company an “equal weight” rating in a report on Tuesday, March 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SJW Group has an average rating of “Hold” and an average target price of $74.33.

Shares of NYSE SJW opened at $60.71 on Friday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 30.05 and a beta of 0.51. The company has a debt-to-equity ratio of 1.44, a current ratio of 0.66 and a quick ratio of 0.66. SJW Group has a 1-year low of $59.05 and a 1-year high of $73.69. The business has a 50-day moving average of $66.26 and a 200-day moving average of $68.03.

SJW Group (NYSE:SJWGet Rating) last announced its quarterly earnings results on Wednesday, April 27th. The utilities provider reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02. SJW Group had a net margin of 10.54% and a return on equity of 5.32%. During the same quarter in the previous year, the business posted $0.12 earnings per share.

Several hedge funds have recently added to or reduced their stakes in SJW. Voya Investment Management LLC increased its holdings in SJW Group by 2.1% in the third quarter. Voya Investment Management LLC now owns 11,025 shares of the utilities provider’s stock valued at $728,000 after buying an additional 224 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of SJW Group by 6.5% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 4,307 shares of the utilities provider’s stock valued at $315,000 after acquiring an additional 263 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of SJW Group by 3.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 9,333 shares of the utilities provider’s stock valued at $683,000 after acquiring an additional 288 shares in the last quarter. Chatham Capital Group Inc. lifted its stake in SJW Group by 1.4% during the first quarter. Chatham Capital Group Inc. now owns 24,849 shares of the utilities provider’s stock worth $1,729,000 after purchasing an additional 333 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in SJW Group by 4.5% in the third quarter. Arizona State Retirement System now owns 7,709 shares of the utilities provider’s stock worth $509,000 after purchasing an additional 335 shares during the period. 73.21% of the stock is owned by institutional investors and hedge funds.

SJW Group Company Profile (Get Rating)

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 and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine.

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Earnings History and Estimates for SJW Group (NYSE:SJW)

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