SJW Group (SJW) to Release Quarterly Earnings on Monday

SJW Group (NYSE:SJW) is expected to be announcing its earnings results after the market closes on Monday, April 28th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $155.00 million for the quarter.

SJW Group Stock Performance

SJW opened at $53.77 on Friday. The firm’s fifty day simple moving average is $53.37 and its two-hundred day simple moving average is $52.93. SJW Group has a 52-week low of $44.91 and a 52-week high of $62.18. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 3.94 and a beta of 0.56. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 1.25.

SJW Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 10th were paid a $0.42 dividend. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from SJW Group’s previous quarterly dividend of $0.40. This represents a $1.68 dividend on an annualized basis and a yield of 3.12%. SJW Group’s dividend payout ratio (DPR) is currently 58.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. StockNews.com upgraded SJW Group from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Bank of America upgraded SJW Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $59.00 to $55.00 in a report on Monday, February 3rd. Finally, Wells Fargo & Company lifted their target price on shares of SJW Group from $53.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th.

SJW Group Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.