Wall Street brokerages expect that California Water Service Group Holding (NYSE:CWT) will announce sales of $203.00 million for the current quarter, according to Zacks. Two analysts have provided estimates for California Water Service Group Holding’s earnings. The highest sales estimate is $209.00 million and the lowest is $197.00 million. California Water Service Group Holding reported sales of $184.27 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.2%. The company is scheduled to issue its next quarterly earnings results before the market opens on Thursday, October 26th.

According to Zacks, analysts expect that California Water Service Group Holding will report full-year sales of $203.00 million for the current fiscal year, with estimates ranging from $650.00 million to $654.20 million. For the next year, analysts expect that the company will report sales of $677.23 million per share, with estimates ranging from $674.70 million to $679.00 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for California Water Service Group Holding.

California Water Service Group Holding (NYSE:CWT) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. California Water Service Group Holding had a net margin of 9.17% and a return on equity of 8.78%. The company had revenue of $171.10 million for the quarter, compared to the consensus estimate of $162.23 million. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis.

Several research firms recently weighed in on CWT. Zacks Investment Research upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, July 28th. BidaskClub lowered California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Barclays PLC increased their price target on California Water Service Group Holding from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. US Capital Advisors restated a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price target on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $35.50.

In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,079 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $36.94, for a total value of $39,858.26. Following the sale, the vice president now owns 18,581 shares in the company, valued at $686,382.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Lynne P. Mcghee sold 1,605 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.61, for a total value of $60,364.05. Following the completion of the sale, the vice president now owns 19,660 shares in the company, valued at approximately $739,412.60. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC purchased a new stake in California Water Service Group Holding in the third quarter worth $493,000. Aldebaran Financial Inc. increased its stake in California Water Service Group Holding by 2.8% in the second quarter. Aldebaran Financial Inc. now owns 22,240 shares of the utilities provider’s stock worth $818,000 after purchasing an additional 600 shares during the period. WFG Advisors LP increased its stake in California Water Service Group Holding by 21.7% in the second quarter. WFG Advisors LP now owns 7,655 shares of the utilities provider’s stock worth $282,000 after purchasing an additional 1,363 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in California Water Service Group Holding in the second quarter worth $382,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in California Water Service Group Holding by 33.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,929 shares of the utilities provider’s stock worth $292,000 after purchasing an additional 1,993 shares during the period. Institutional investors and hedge funds own 68.69% of the company’s stock.

California Water Service Group Holding (NYSE CWT) opened at 41.75 on Thursday. California Water Service Group Holding has a 52 week low of $29.25 and a 52 week high of $41.95. The stock has a market capitalization of $2.00 billion, a P/E ratio of 34.79 and a beta of 0.70. The company has a 50 day moving average of $38.23 and a 200 day moving average of $36.93.

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About California Water Service Group Holding

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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