$0.61 Earnings Per Share Expected for SJW Group (NYSE:SJW) This Quarter

Wall Street brokerages forecast that SJW Group (NYSE:SJW – Get Rating) will announce earnings per share (EPS) of $0.61 for the current quarter, Zacks reports. Two analysts have made estimates for SJW Group’s earnings. The lowest EPS estimate is $0.48 and the highest is $0.74. SJW Group reported earnings of $0.60 per share during the same quarter last year, which would indicate a positive year over year growth rate of 1.7%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that SJW Group will report full-year earnings of $2.35 per share for the current year, with EPS estimates ranging from $2.33 to $2.36. For the next fiscal year, analysts anticipate that the company will post earnings of $2.53 per share, with EPS estimates ranging from $2.49 to $2.56. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow SJW Group.

SJW Group (NYSE:SJW – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The firm had revenue of $124.30 million for the quarter, compared to the consensus estimate of $117.03 million. SJW Group had a return on equity of 5.21% and a net margin of 10.56%. During the same quarter in the previous year, the business earned $0.12 EPS.

Several research analysts recently commented on SJW shares. JPMorgan Chase & Co. raised SJW Group from a “neutral” rating to an “overweight” rating and set a $67.00 target price for the company in a research note on Monday, May 2nd. Barclays upped their price objective on SJW Group from $70.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 15th. Zacks Investment Research cut SJW Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 30th. StockNews.com assumed coverage on SJW Group in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Seaport Res Ptn raised SJW Group from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 25th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.50.

Several hedge funds have recently modified their holdings of SJW. FMR LLC raised its stake in shares of SJW Group by 24.5% during the 1st quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after buying an additional 108,003 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in SJW Group in the 1st quarter valued at approximately $16,536,000. Morgan Stanley increased its stake in SJW Group by 16.5% in the 2nd quarter. Morgan Stanley now owns 72,679 shares of the utilities provider’s stock valued at $4,601,000 after purchasing an additional 10,269 shares in the last quarter. Barclays PLC increased its stake in SJW Group by 214.4% in the 3rd quarter. Barclays PLC now owns 12,472 shares of the utilities provider’s stock valued at $824,000 after purchasing an additional 8,505 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its stake in SJW Group by 29.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 4,365 shares of the utilities provider’s stock valued at $288,000 after purchasing an additional 990 shares in the last quarter. 77.21% of the stock is owned by institutional investors and hedge funds.

Shares of SJW stock traded up $0.42 on Monday, hitting $61.08. The stock had a trading volume of 577 shares, compared to its average volume of 114,158. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $1.85 billion, a P/E ratio of 29.80 and a beta of 0.59. SJW Group has a 1 year low of $57.17 and a 1 year high of $73.69. The company’s 50 day moving average price is $64.28 and its 200-day moving average price is $67.05.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Monday, May 9th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, May 6th. SJW Group’s dividend payout ratio is presently 70.24%.

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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