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

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

California Water Service Group (NYSE:CWT) last released its quarterly earnings results on Thursday, February 29th. The utilities provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.98). The business had revenue of $214.50 million for the quarter, compared to the consensus estimate of $269.41 million. California Water Service Group had a net margin of 6.53% and a return on equity of 3.75%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. 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 Down 0.7 %

California Water Service Group stock opened at $45.48 on Tuesday. The company has a market capitalization of $2.62 billion, a P/E ratio of 51.10 and a beta of 0.49. The firm’s fifty day simple moving average is $46.07 and its 200-day simple moving average is $48.35. The company has a current ratio of 0.69, a quick ratio of 0.65 and a debt-to-equity ratio of 0.74. California Water Service Group has a 1-year low of $43.50 and a 1-year high of $58.72.

California Water Service Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Monday, February 12th were issued a $1.12 dividend. This represents a $4.48 annualized dividend and a yield of 9.85%. The ex-dividend date was Friday, February 9th. This is an increase from California Water Service Group’s previous quarterly dividend of $0.26. California Water Service Group’s dividend payout ratio (DPR) is 125.84%.

Analyst Ratings Changes

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

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.