Zacks Research Has Bearish Estimate for CWT Q3 Earnings

California Water Service Group (NYSE:CWT) – Stock analysts at Zacks Research dropped their Q3 2026 EPS estimates for California Water Service Group in a note issued to investors on Thursday, November 13th. Zacks Research analyst Team now forecasts that the utilities provider will post earnings per share of $1.21 for the quarter, down from their previous estimate of $1.25. The consensus estimate for California Water Service Group’s current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group’s Q4 2026 earnings at $0.43 EPS, FY2026 earnings at $2.52 EPS, Q1 2027 earnings at $0.25 EPS, Q3 2027 earnings at $1.27 EPS and FY2027 earnings at $2.61 EPS.

California Water Service Group (NYSE:CWT) last posted its earnings results on Thursday, October 30th. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.17). California Water Service Group had a return on equity of 8.28% and a net margin of 13.71%.The firm had revenue of $311.24 million for the quarter, compared to analysts’ expectations of $321.35 million. During the same period in the previous year, the company earned $1.03 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year.

A number of other research analysts have also issued reports on the company. Robert W. Baird set a $55.00 target price on California Water Service Group in a research report on Friday, October 31st. Wall Street Zen raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a report on Saturday, August 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of California Water Service Group in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company reduced their price target on shares of California Water Service Group from $59.00 to $55.00 and set an “overweight” rating for the company in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, California Water Service Group presently has a consensus rating of “Buy” and an average target price of $55.67.

California Water Service Group Stock Performance

Shares of CWT stock opened at $45.49 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.67. California Water Service Group has a 12-month low of $41.64 and a 12-month high of $52.33. The business’s 50 day moving average is $46.54 and its two-hundred day moving average is $46.50. The company has a market capitalization of $2.71 billion, a P/E ratio of 19.86, a P/E/G ratio of 2.25 and a beta of 0.69.

Institutional Investors Weigh In On California Water Service Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted its stake in California Water Service Group by 3,318.8% during the third quarter. Farther Finance Advisors LLC now owns 547 shares of the utilities provider’s stock worth $25,000 after buying an additional 531 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of California Water Service Group by 109.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 365 shares during the last quarter. Banque Cantonale Vaudoise acquired a new position in shares of California Water Service Group during the 1st quarter valued at about $34,000. Whittier Trust Co. purchased a new stake in shares of California Water Service Group in the second quarter valued at about $36,000. Finally, Hantz Financial Services Inc. increased its position in California Water Service Group by 291.1% during the third quarter. Hantz Financial Services Inc. now owns 880 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 655 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

California Water Service Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Monday, November 10th will be issued a $0.30 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.6%. California Water Service Group’s dividend payout ratio is presently 52.40%.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.