Equities analysts expect California Water Service Group (NYSE:CWT) to report $154.85 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for California Water Service Group’s earnings. The lowest sales estimate is $148.70 million and the highest is $161.00 million. California Water Service Group reported sales of $150.93 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The firm is scheduled to issue its next quarterly earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that California Water Service Group will report full-year sales of $154.85 million for the current year, with estimates ranging from $651.00 million to $666.00 million. For the next year, analysts expect that the firm will post sales of $685.70 million per share, with estimates ranging from $678.00 million to $693.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow California Water Service Group.

California Water Service Group (NYSE:CWT) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. The firm had revenue of $211.70 million during the quarter, compared to the consensus estimate of $203.00 million. California Water Service Group had a return on equity of 10.31% and a net margin of 10.46%. The company’s quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 earnings per share.

Several equities research analysts have recently commented on CWT shares. Zacks Investment Research downgraded California Water Service Group from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Barclays boosted their price objective on California Water Service Group from $30.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, September 22nd. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of California Water Service Group in a report on Sunday, September 3rd. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. California Water Service Group currently has an average rating of “Hold” and an average target price of $36.75.

In related news, VP Lynne P. Mcghee sold 1,079 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $36.94, for a total transaction of $39,858.26. Following the completion of the sale, the vice president now owns 18,581 shares in the company, valued at $686,382.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC boosted its position in California Water Service Group by 66.4% in the second quarter. Riverhead Capital Management LLC now owns 4,161 shares of the utilities provider’s stock worth $153,000 after purchasing an additional 1,661 shares during the last quarter. SG Americas Securities LLC purchased a new position in California Water Service Group in the third quarter worth $160,000. Flinton Capital Management LLC boosted its position in California Water Service Group by 60.8% in the second quarter. Flinton Capital Management LLC now owns 5,576 shares of the utilities provider’s stock worth $205,000 after purchasing an additional 2,108 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in California Water Service Group by 24.5% in the second quarter. PNC Financial Services Group Inc. now owns 5,694 shares of the utilities provider’s stock worth $209,000 after purchasing an additional 1,119 shares during the last quarter. Finally, ELCO Management Co. LLC purchased a new position in California Water Service Group in the second quarter worth $225,000. 69.57% of the stock is currently owned by institutional investors and hedge funds.

California Water Service Group (NYSE CWT) traded down $0.10 during midday trading on Friday, hitting $43.75. The stock had a trading volume of 95,983 shares, compared to its average volume of 174,009. The company has a market capitalization of $2,100.00, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 6.01 and a beta of 0.74. California Water Service Group has a 52-week low of $32.45 and a 52-week high of $46.15. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.46 and a current ratio of 0.47.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, November 3rd. This represents a $0.72 annualized dividend and a yield of 1.65%. California Water Service Group’s dividend payout ratio (DPR) is currently 50.35%.

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California Water Service Group 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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