Wall Street brokerages expect SJW Group (NYSE:SJW) to announce earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for SJW Group’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.24. SJW Group posted earnings per share of $0.50 during the same quarter last year, which would suggest a negative year-over-year growth rate of 34%. The firm is expected to issue its next earnings report on Wednesday, February 19th.
On average, analysts expect that SJW Group will report full year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.42. For the next financial year, analysts anticipate that the firm will report earnings of $2.32 per share, with EPS estimates ranging from $2.30 to $2.34. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow SJW Group.
SJW has been the subject of several research analyst reports. ValuEngine lowered shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. initiated coverage on shares of SJW Group in a research note on Friday, November 15th. They issued a “neutral” rating and a $73.00 price objective for the company. Finally, Zacks Investment Research lowered shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. SJW Group has a consensus rating of “Hold” and a consensus target price of $74.83.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 10th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Friday, February 7th. This is a positive change from SJW Group’s previous quarterly dividend of $0.30. SJW Group’s payout ratio is 51.00%.
In other SJW Group news, CFO James Patrick Lynch sold 1,000 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $69.88, for a total transaction of $69,880.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,800 shares of company stock valued at $199,440 in the last 90 days. 8.20% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new stake in SJW Group during the 3rd quarter valued at $70,000. Vestcor Investment Management Corp bought a new stake in SJW Group during the 4th quarter valued at $108,000. Van ECK Associates Corp bought a new stake in SJW Group during the 4th quarter valued at $120,000. Parkside Financial Bank & Trust increased its stake in SJW Group by 1,320.0% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,840 shares of the utilities provider’s stock valued at $194,000 after purchasing an additional 2,640 shares in the last quarter. Finally, AJO LP bought a new stake in SJW Group during the 4th quarter valued at $225,000. Institutional investors and hedge funds own 67.41% of the company’s stock.
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. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.
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