SJW Group (NYSE:SJW) Updates FY 2024 Earnings Guidance

SJW Group (NYSE:SJWGet Free Report) updated its FY 2024 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 2.680-2.780 for the period, compared to the consensus estimate of 2.750. The company issued revenue guidance of -. SJW Group also updated its FY24 guidance to $2.68-2.78 EPS.

SJW Group Stock Up 1.2 %

SJW Group stock traded up $0.68 during mid-day trading on Thursday, hitting $56.13. 51,563 shares of the company’s stock were exchanged, compared to its average volume of 187,421. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The stock has a 50 day moving average of $58.36 and a two-hundred day moving average of $56.91. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22. The stock has a market cap of $1.84 billion, a P/E ratio of 20.39, a P/E/G ratio of 3.42 and a beta of 0.62.

SJW Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio is 58.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SJW shares. Wells Fargo & Company decreased their target price on SJW Group from $63.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday. Bank of America initiated coverage on shares of SJW Group in a report on Friday, September 20th. They set a “neutral” rating and a $65.00 price objective for the company. Finally, StockNews.com downgraded shares of SJW Group from a “hold” rating to a “sell” rating in a report on Tuesday.

Get Our Latest Stock Report on SJW Group

SJW Group Company Profile

(Get Free Report)

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.

See Also

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

Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.