California Water Service Group (CWT) Expected to Announce Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT - Get Free Report) is expected to be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $216.37 million 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 Stock Performance

NYSE:CWT traded up $0.19 during mid-day trading on Friday, reaching $45.69. The stock had a trading volume of 296,105 shares, compared to its average volume of 366,921. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64. The business has a 50 day simple moving average of $44.90 and a 200 day simple moving average of $49.90. California Water Service Group has a twelve month low of $41.64 and a twelve month high of $56.25. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 0.46 and a beta of 0.52.

California Water Service Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Monday, February 10th will be issued a $0.30 dividend. This is a boost from California Water Service Group's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, February 10th. California Water Service Group's dividend payout ratio (DPR) is currently 34.68%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CWT shares. Bank of America assumed coverage on shares of California Water Service Group in a report on Wednesday, December 11th. They set a "buy" rating and a $57.00 price objective on the stock. StockNews.com raised shares of California Water Service Group from a "sell" rating to a "hold" rating in a research note on Saturday, February 8th. Finally, Wells Fargo & Company upgraded shares of California Water Service Group from an "equal weight" rating to an "overweight" rating and cut their target price for the stock from $56.00 to $52.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.25.

California Water Service Group Company Profile

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.