SJW Corporation (SJW) Releases Quarterly Earnings Results, Beats Expectations By $0.15 EPS
SJW Corporation (NYSE:SJW) posted its earnings results on Wednesday. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.79 by $0.15, Bloomberg Earnings reports. SJW Corporation had a return on equity of 11.96% and a net margin of 15.17%.
Shares of SJW Corporation (SJW) traded down 0.66% during mid-day trading on Wednesday, reaching $61.75. 77,700 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $58.89 and a 200 day moving average price of $53.01. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 23.14 and a beta of 0.15. SJW Corporation has a 12-month low of $44.60 and a 12-month high of $66.45.
SJW has been the topic of several recent analyst reports. BidaskClub raised SJW Corporation from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research raised SJW Corporation from a “hold” rating to a “strong-buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, August 2nd.
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In other SJW Corporation news, insider Palle Jensen sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total value of $165,420.00. The sale was disclosed in a filing with the SEC, which is available through this link. 21.10% of the stock is owned by corporate insiders.
SJW Corporation Company Profile
SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.
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