Brokerages Expect SJW Group (NYSE:SJW) Will Announce Earnings of $0.61 Per Share

Equities research analysts forecast that SJW Group (NYSE:SJWGet Rating) will announce earnings per share (EPS) of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for SJW Group’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.74. SJW Group posted earnings of $0.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 1.7%. The firm is expected to issue its next earnings results on Monday, January 1st.

On average, 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 financial 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 calculations are an average based on a survey of research firms that that provide coverage for SJW Group.

SJW Group (NYSE:SJWGet Rating) last announced its earnings results on Wednesday, April 27th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.02. SJW Group had a return on equity of 5.21% and a net margin of 10.56%. The business had revenue of $124.30 million for the quarter, compared to analysts’ expectations of $117.03 million. During the same period last year, the firm posted $0.12 earnings per share.

Several research firms have recently commented on SJW. JPMorgan Chase & Co. raised SJW Group from a “neutral” rating to an “overweight” rating and set a $67.00 price objective on the stock in a research note on Monday, May 2nd. StockNews.com began coverage on SJW Group in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded SJW Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 30th. Barclays lifted their target price on SJW Group from $70.00 to $73.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 15th. Finally, TheStreet downgraded SJW Group from a “b-” rating to a “c+” rating in a research note on Thursday, May 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, SJW Group currently has a consensus rating of “Hold” and a consensus target price of $72.50.

Shares of NYSE SJW traded up $0.15 during trading on Monday, hitting $61.11. The company had a trading volume of 155,209 shares, compared to its average volume of 116,308. The stock has a 50 day simple moving average of $63.66 and a 200 day simple moving average of $66.75. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.63 and a current ratio of 0.63. SJW Group has a 12 month low of $57.17 and a 12 month high of $73.69. The firm has a market capitalization of $1.85 billion, a P/E ratio of 29.81 and a beta of 0.59.

The company 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 $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, May 6th. SJW Group’s payout ratio is 70.24%.

A number of large investors have recently added to or reduced their stakes in SJW. American Century Companies Inc. bought a new stake in SJW Group in the 1st quarter worth approximately $21,686,000. Amundi Pioneer Asset Management Inc. bought a new stake in SJW Group in the 1st quarter worth approximately $16,536,000. Norges Bank bought a new stake in SJW Group in the 4th quarter worth approximately $17,438,000. Millennium Management LLC boosted its holdings in shares of SJW Group by 244.5% in the 4th quarter. Millennium Management LLC now owns 230,192 shares of the utilities provider’s stock worth $16,850,000 after purchasing an additional 163,372 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of SJW Group by 6.0% in the 4th quarter. BlackRock Inc. now owns 2,534,494 shares of the utilities provider’s stock worth $185,526,000 after purchasing an additional 143,745 shares during the period. 77.21% of the stock is currently 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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