SJW Group (NYSE:SJW – Get Free Report) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $2.68-2.78 for the period, compared to the consensus earnings per share estimate of $2.76. SJW Group also updated its FY 2024 guidance to 2.680-2.780 EPS.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on SJW. Wells Fargo & Company lifted their target price on shares of SJW Group from $61.00 to $62.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. StockNews.com lowered shares of SJW Group from a hold rating to a sell rating in a research report on Tuesday, February 27th. Finally, Seaport Res Ptn upgraded shares of SJW Group from a neutral rating to a buy rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $66.00.
View Our Latest Stock Analysis on SJW
SJW Group Trading Down 2.4 %
SJW Group (NYSE:SJW – Get Free Report) last issued its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). SJW Group had a return on equity of 7.10% and a net margin of 12.68%. The firm had revenue of $171.34 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same period in the previous year, the firm earned $1.09 earnings per share. On average, analysts predict that SJW Group will post 2.75 earnings per share for the current fiscal year.
About SJW Group
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.
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