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

SJW Group (NYSE:SJW) is scheduled to issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

SJW Group (NYSE:SJW) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $171.34 million for the quarter, compared to analysts’ expectations of $161.23 million. SJW Group had a return on equity of 7.10% and a net margin of 12.68%. During the same quarter in the prior 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 Performance

NYSE SJW opened at $52.56 on Thursday. The stock has a market capitalization of $1.69 billion, a PE ratio of 19.69, a P/E/G ratio of 2.56 and a beta of 0.58. The business has a 50 day simple moving average of $56.56 and a two-hundred day simple moving average of $60.81. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.58 and a quick ratio of 0.58. SJW Group has a 1-year low of $51.37 and a 1-year high of $79.48.

SJW Group Increases Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Metropolitan Life Insurance Co NY grew its stake in SJW Group by 9.1% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 1,755 shares of the utilities provider’s stock worth $142,000 after buying an additional 147 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in SJW Group by 2.3% during the 1st quarter. Ensign Peak Advisors Inc now owns 10,900 shares of the utilities provider’s stock valued at $830,000 after purchasing an additional 250 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of SJW Group by 2.3% in the 4th quarter. Voya Investment Management LLC now owns 12,736 shares of the utilities provider’s stock valued at $832,000 after buying an additional 290 shares during the period. FMR LLC lifted its holdings in shares of SJW Group by 18.4% in the 1st quarter. FMR LLC now owns 1,913 shares of the utilities provider’s stock valued at $146,000 after buying an additional 297 shares during the period. Finally, LPL Financial LLC raised its holdings in SJW Group by 8.5% in the 2nd quarter. LPL Financial LLC now owns 3,983 shares of the utilities provider’s stock worth $279,000 after purchasing an additional 313 shares during the period. 84.29% of the stock is owned by institutional investors.

SJW Group Company Profile

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.