California Water Service Group (CWT) to Release Earnings on Thursday

California Water Service Group (NYSE:CWT - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect California Water Service Group to post earnings of $0.17 per share and revenue of $194.80 million for the quarter.

California Water Service Group (NYSE:CWT - Get Free Report) last released its earnings results on Thursday, February 27th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. The business had revenue of $222.20 million during the quarter, compared to analysts' expectations of $216.37 million. During the same quarter in the previous year, the company earned $0.52 EPS. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Stock Down 0.4 %

NYSE CWT traded down $0.22 during trading on Friday, reaching $49.83. 315,570 shares of the company's stock were exchanged, compared to its average volume of 332,106. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $2.96 billion, a PE ratio of 14.40, a P/E/G ratio of 0.46 and a beta of 0.56. The company's fifty day simple moving average is $47.76 and its 200-day simple moving average is $47.91. California Water Service Group has a fifty-two week low of $41.64 and a fifty-two week high of $56.25.

California Water Service Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.41%. This is a positive change from California Water Service Group's previous quarterly dividend of $0.28. California Water Service Group's dividend payout ratio (DPR) is 36.70%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CWT shares. StockNews.com upgraded California Water Service Group from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Seaport Res Ptn raised California Water Service Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised California Water Service Group from an "equal weight" rating to an "overweight" rating and cut their price target for the company from $56.00 to $52.00 in a report on Tuesday, January 7th.

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.