California Water Service Group (CWT) Scheduled to Post Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

California Water Service Group (NYSE:CWT) last issued its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.52 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.98). California Water Service Group had a return on equity of 3.75% and a net margin of 6.53%. The company had revenue of $214.50 million for the quarter, compared to the consensus estimate of $269.41 million. During the same period in the previous year, the business posted $0.35 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts expect California Water Service Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Stock Performance

Shares of CWT stock opened at $45.48 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.65 and a current ratio of 0.69. California Water Service Group has a one year low of $43.50 and a one year high of $58.72. The company’s 50-day simple moving average is $46.07 and its 200-day simple moving average is $48.35. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 51.10 and a beta of 0.49.

California Water Service Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Monday, February 12th were given a dividend of $1.12 per share. This is a boost from California Water Service Group’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, February 9th. This represents a $4.48 annualized dividend and a dividend yield of 9.85%. California Water Service Group’s dividend payout ratio (DPR) is presently 125.84%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CWT. StockNews.com raised shares of California Water Service Group to a “sell” rating in a research report on Saturday, March 9th. TheStreet lowered shares of California Water Service Group from a “b-” rating to a “c+” rating in a research note on Wednesday, February 14th. UBS Group upgraded shares of California Water Service Group from a “sell” rating to a “neutral” rating and set a $49.00 price objective on the stock in a research note on Thursday, April 4th. Finally, Robert W. Baird dropped their price objective on shares of California Water Service Group from $56.00 to $52.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $53.50.

California Water Service Group Company Profile

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.