Analysts expect that California Water Service Group Holding (NYSE:CWT) will report $156.50 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for California Water Service Group Holding’s earnings. The lowest sales estimate is $152.00 million and the highest is $161.00 million. California Water Service Group Holding posted sales of $150.93 million in the same quarter last year, which suggests a positive year over year growth rate of 3.7%. The business is expected to announce its next earnings results on Thursday, February 22nd.

On average, analysts expect that California Water Service Group Holding will report full year sales of $156.50 million for the current year, with estimates ranging from $650.00 million to $655.80 million. For the next financial year, analysts forecast that the business will report sales of $680.38 million per share, with estimates ranging from $674.70 million to $689.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow California Water Service Group Holding.

California Water Service Group Holding (NYSE:CWT) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The firm had revenue of $211.70 million during the quarter, compared to analysts’ expectations of $203.00 million. California Water Service Group Holding had a return on equity of 10.31% and a net margin of 10.46%. California Water Service Group Holding’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS.

A number of research firms have issued reports on CWT. Zacks Investment Research raised California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a report on Friday. BidaskClub lowered California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Barclays PLC raised their target price 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 reaffirmed a “hold” rating on shares of California Water Service Group Holding in a report on Monday, July 17th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $35.00 target price on shares of California Water Service Group Holding in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $36.75.

In other news, VP Lynne P. Mcghee sold 1,605 shares of California Water Service Group Holding stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $37.61, for a total transaction of $60,364.05. Following the sale, the vice president now owns 19,660 shares of the company’s stock, valued at approximately $739,412.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Lynne P. Mcghee sold 1,079 shares of California Water Service Group Holding stock in a transaction that occurred 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 directly owns 18,581 shares in the company, valued at approximately $686,382.14. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in CWT. BlackRock Inc. grew its holdings in shares of California Water Service Group Holding by 8,783.3% during the 1st quarter. BlackRock Inc. now owns 5,939,636 shares of the utilities provider’s stock worth $212,936,000 after purchasing an additional 5,872,773 shares in the last quarter. Nuance Investments LLC grew its holdings in shares of California Water Service Group Holding by 77.4% during the 2nd quarter. Nuance Investments LLC now owns 321,059 shares of the utilities provider’s stock worth $11,815,000 after purchasing an additional 140,034 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of California Water Service Group Holding by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 4,921,784 shares of the utilities provider’s stock worth $176,446,000 after purchasing an additional 124,129 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of California Water Service Group Holding by 27.3% during the 1st quarter. Nuveen Asset Management LLC now owns 444,360 shares of the utilities provider’s stock worth $15,930,000 after purchasing an additional 95,293 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of California Water Service Group Holding by 36.3% during the 1st quarter. Bank of America Corp DE now owns 354,722 shares of the utilities provider’s stock worth $12,717,000 after purchasing an additional 94,471 shares in the last quarter. 68.00% of the stock is currently owned by institutional investors.

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California Water Service Group Holding (NYSE:CWT) opened at 42.35 on Tuesday. The firm has a 50-day moving average price of $40.12 and a 200-day moving average price of $37.57. The stock has a market cap of $2.03 billion, a PE ratio of 35.29 and a beta of 0.70. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $43.75.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Friday, November 3rd. California Water Service Group Holding’s payout ratio is presently 50.70%.

California Water Service Group Holding Company Profile

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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