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

On average, analysts expect that California Water Service Group Holding 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 business 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 averages are a mean average based on a survey of research firms 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 analysts’ consensus estimates of $0.68 by $0.02. California Water Service Group Holding had a net margin of 10.46% and a return on equity of 10.31%. The business had revenue of $211.70 million during the quarter, compared to the consensus estimate of $203.00 million. During the same quarter last year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 14.9% compared to the same quarter last year.

Several equities analysts recently issued reports on CWT shares. Barclays PLC raised their price objective on California Water Service Group Holding from $30.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, September 22nd. Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of California Water Service Group Holding in a research note on Sunday, September 3rd. Zacks Investment Research upgraded California Water Service Group Holding from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, October 27th. Finally, BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.75.

California Water Service Group Holding (NYSE:CWT) traded down $0.05 during mid-day trading on Tuesday, hitting $44.05. 234,700 shares of the stock were exchanged, compared to its average volume of 158,138. California Water Service Group Holding has a twelve month low of $32.45 and a twelve month high of $44.40. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.47 and a quick ratio of 0.46. The firm has a market capitalization of $2,117.47, a P/E ratio of 31.06, a P/E/G ratio of 6.04 and a beta of 0.72.

The business also recently announced a quarterly dividend, which was paid on Friday, November 17th. Shareholders of record on Monday, November 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date of this dividend was Friday, November 3rd. California Water Service Group Holding’s payout ratio is 50.70%.

In other California Water Service Group Holding news, VP Lynne P. Mcghee sold 1,605 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $37.61, for a total value of $60,364.05. Following the sale, the vice president now directly owns 19,660 shares in the company, valued at $739,412.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Lynne P. Mcghee sold 1,079 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $36.94, for a total value 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 disclosure for this sale can be found here. Company insiders own 0.97% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. GSA Capital Partners LLP lifted its stake in California Water Service Group Holding by 51.5% in the third quarter. GSA Capital Partners LLP now owns 12,596 shares of the utilities provider’s stock valued at $481,000 after buying an additional 4,283 shares during the last quarter. Independent Advisor Alliance lifted its stake in California Water Service Group Holding by 13.4% in the third quarter. Independent Advisor Alliance now owns 17,346 shares of the utilities provider’s stock valued at $710,000 after buying an additional 2,049 shares during the last quarter. Piedmont Investment Advisors LLC lifted its stake in California Water Service Group Holding by 250.9% in the third quarter. Piedmont Investment Advisors LLC now owns 36,391 shares of the utilities provider’s stock valued at $1,388,000 after buying an additional 26,019 shares during the last quarter. California Public Employees Retirement System lifted its stake in California Water Service Group Holding by 4.6% in the third quarter. California Public Employees Retirement System now owns 112,668 shares of the utilities provider’s stock valued at $4,298,000 after buying an additional 4,986 shares during the last quarter. Finally, AMP Capital Investors Ltd raised its stake in shares of California Water Service Group Holding by 4.5% during the third quarter. AMP Capital Investors Ltd now owns 35,044 shares of the utilities provider’s stock valued at $1,337,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 68.54% of the company’s stock.

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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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