Zacks: Brokerages Anticipate SJW Group (NYSE:SJW) to Announce $0.66 EPS

Equities analysts forecast that SJW Group (NYSE:SJW) will announce earnings per share of $0.66 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for SJW Group’s earnings. The highest EPS estimate is $0.70 and the lowest is $0.61. SJW Group posted earnings per share of $0.69 in the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The company is expected to announce its next earnings results on Thursday, August 5th.

On average, analysts expect that SJW Group will report full-year earnings of $1.97 per share for the current financial year, with EPS estimates ranging from $1.94 to $2.00. For the next year, analysts expect that the business will report earnings of $2.47 per share, with EPS estimates ranging from $2.44 to $2.50. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for SJW Group.

SJW Group (NYSE:SJW) last released its quarterly earnings results on Wednesday, April 28th. The utilities provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.03). SJW Group had a return on equity of 6.78% and a net margin of 10.95%. The firm had revenue of $114.79 million for the quarter, compared to analyst estimates of $119.40 million.

A number of analysts have recently weighed in on SJW shares. TheStreet lowered SJW Group from a “b” rating to a “c+” rating in a research report on Friday, March 12th. Zacks Investment Research lowered SJW Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 8th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SJW. Public Employees Retirement System of Ohio boosted its stake in SJW Group by 32.1% in the fourth quarter. Public Employees Retirement System of Ohio now owns 618 shares of the utilities provider’s stock valued at $43,000 after acquiring an additional 150 shares in the last quarter. Lazard Asset Management LLC acquired a new position in SJW Group in the fourth quarter valued at $57,000. Cohen & Steers Inc. boosted its stake in SJW Group by 29.3% in the first quarter. Cohen & Steers Inc. now owns 1,047 shares of the utilities provider’s stock valued at $66,000 after acquiring an additional 237 shares in the last quarter. International Assets Investment Management LLC boosted its stake in SJW Group by 100.0% in the first quarter. International Assets Investment Management LLC now owns 1,038 shares of the utilities provider’s stock valued at $69,000 after acquiring an additional 519 shares in the last quarter. Finally, Eaton Vance Management acquired a new position in SJW Group in the first quarter valued at $97,000. Institutional investors own 70.39% of the company’s stock.

NYSE:SJW traded up $1.28 during trading hours on Thursday, reaching $64.84. 2,225 shares of the stock were exchanged, compared to its average volume of 95,903. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.43 and a quick ratio of 0.43. The stock has a 50-day simple moving average of $64.83. SJW Group has a twelve month low of $56.84 and a twelve month high of $71.69. The stock has a market cap of $1.93 billion, a P/E ratio of 30.01 and a beta of 0.39.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 1st. Investors of record on Monday, May 10th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, May 7th. This is a positive change from SJW Group’s previous quarterly dividend of $0.19. SJW Group’s dividend payout ratio is 61.26%.

SJW Group Company Profile

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 in Connecticut; and a Linebacker protection plan for public drinking water customers, as well as offers repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, and meter pit valve.

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Earnings History and Estimates for SJW Group (NYSE:SJW)

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