California Water Service Group (CWT) Expected to Announce Earnings on Thursday

California Water Service Group (NYSE:CWT) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.17 per share and revenue of $194.80 million for the quarter.

California Water Service Group (NYSE:CWT) last issued its earnings results on Thursday, February 27th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. The firm had revenue of $222.20 million during the quarter, compared to the consensus estimate of $216.37 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Price Performance

Shares of CWT opened at $49.56 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.64 and a debt-to-equity ratio of 0.64. The business’s fifty day moving average is $47.85 and its 200 day moving average is $47.86. California Water Service Group has a 12-month low of $41.64 and a 12-month high of $56.25. The stock has a market cap of $2.95 billion, a P/E ratio of 14.32, a P/E/G ratio of 0.46 and a beta of 0.56.

California Water Service Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 10th. This is a boost from California Water Service Group’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.42%. California Water Service Group’s dividend payout ratio (DPR) is 36.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Wells Fargo & Company raised shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and reduced their target price for the company from $56.00 to $52.00 in a research report on Tuesday, January 7th. Finally, Seaport Res Ptn raised shares of California Water Service Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th.

About California Water Service Group

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, Hawaii, and Texas. The company is involved in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection services.