What is Zacks Research's Estimate for CWT Q1 Earnings?

California Water Service Group (NYSE:CWT - Free Report) - Research analysts at Zacks Research raised their Q1 2026 earnings per share estimates for California Water Service Group in a research report issued on Tuesday, March 11th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.17. The consensus estimate for California Water Service Group's current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group's Q2 2026 earnings at $0.43 EPS, FY2026 earnings at $2.50 EPS and FY2027 earnings at $2.56 EPS.

Other analysts have also recently issued reports about the company. Wells Fargo & Company upgraded California Water Service Group from an "equal weight" rating to an "overweight" rating and reduced their target price for the company from $56.00 to $52.00 in a report on Tuesday, January 7th. StockNews.com upgraded California Water Service Group from a "sell" rating to a "hold" rating in a report on Saturday, February 8th. Finally, Bank of America began coverage on California Water Service Group in a report on Wednesday, December 11th. They issued a "buy" rating and a $57.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $53.25.

Remove Ads

California Water Service Group Trading Down 1.2 %

CWT stock traded down $0.58 during trading on Friday, hitting $46.87. The company had a trading volume of 229,034 shares, compared to its average volume of 308,115. The business has a 50-day moving average of $45.15 and a 200-day moving average of $49.00. California Water Service Group has a one year low of $41.64 and a one year high of $56.25. The stock has a market cap of $2.79 billion, a PE ratio of 13.55, a PEG ratio of 0.46 and a beta of 0.49. The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.64.

California Water Service Group (NYSE:CWT - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The utilities provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The firm had revenue of $222.20 million for the quarter, compared to the consensus estimate of $216.37 million. During the same quarter last year, the firm posted $0.52 earnings per share.

Hedge Funds Weigh In On California Water Service Group

Several institutional investors have recently added to or reduced their stakes in CWT. Los Angeles Capital Management LLC acquired a new position in California Water Service Group in the third quarter valued at approximately $377,000. Entropy Technologies LP acquired a new position in shares of California Water Service Group during the third quarter worth approximately $588,000. Aigen Investment Management LP acquired a new position in shares of California Water Service Group during the third quarter worth approximately $227,000. MQS Management LLC acquired a new position in shares of California Water Service Group during the third quarter worth approximately $417,000. Finally, CIBC Asset Management Inc acquired a new position in shares of California Water Service Group during the third quarter worth approximately $219,000. 82.78% of the stock is owned by institutional investors and hedge funds.

California Water Service Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from California Water Service Group's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.56%. California Water Service Group's payout ratio is 36.70%.

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.