Zacks: SJW Corporation (SJW) Receives Average Rating of “Strong Buy” from Analysts
Shares of SJW Corporation (NYSE:SJW) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $68.00 for the company and are expecting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also assigned SJW an industry rank of 119 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised SJW from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 31st.
SJW (NYSE:SJW) opened at $68.13 on Friday. The company has a market capitalization of $1,379.00, a P/E ratio of 27.21 and a beta of 0.12. SJW has a 52-week low of $45.39 and a 52-week high of $69.29. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.95.
SJW (NYSE:SJW) last announced its quarterly earnings results on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.79 by $0.15. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. SJW had a return on equity of 11.81% and a net margin of 14.83%. sell-side analysts predict that SJW will post 2.48 earnings per share for the current fiscal year.
The firm also recently disclosed a special dividend, which will be paid on Monday, December 11th. Stockholders of record on Wednesday, November 29th will be given a $0.17 dividend. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 28th. SJW’s dividend payout ratio (DPR) is presently 32.34%.
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SJW 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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