Equities research analysts expect California Water Service Group (NYSE:CWT) to post earnings per share (EPS) of $0.37 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for California Water Service Group’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.40. California Water Service Group reported earnings per share of $0.27 in the same quarter last year, which suggests a positive year over year growth rate of 37%. The firm is expected to announce its next earnings results before the market opens on Thursday, August 1st.

On average, analysts expect that California Water Service Group will report full-year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.40. For the next year, analysts expect that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.55 to $1.65. Zacks’ EPS averages are a mean average based on a survey of research firms that cover California Water Service Group.

California Water Service Group (NYSE:CWT) last issued its earnings results on Thursday, April 25th. The utilities provider reported ($0.16) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.21). The firm had revenue of $126.10 million during the quarter, compared to analyst estimates of $138.86 million. California Water Service Group had a net margin of 8.05% and a return on equity of 7.76%. California Water Service Group’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.

Several brokerages have recently commented on CWT. ValuEngine cut shares of Zogenix from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 11th. Wells Fargo & Co restated a “buy” rating on shares of Allergan in a research report on Monday, June 10th. Finally, Boenning Scattergood began coverage on shares of California Water Service Group in a research report on Monday, June 10th. They issued a “neutral” rating for the company. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $48.50.

Shares of NYSE:CWT traded down $0.91 during midday trading on Monday, hitting $52.60. The stock had a trading volume of 334,220 shares, compared to its average volume of 280,863. The stock has a 50-day moving average price of $50.60. The company has a market capitalization of $2.53 billion, a P/E ratio of 38.68, a P/E/G ratio of 3.84 and a beta of 0.35. The company has a quick ratio of 0.49, a current ratio of 0.50 and a debt-to-equity ratio of 1.00. California Water Service Group has a fifty-two week low of $39.85 and a fifty-two week high of $55.05.

In related news, VP Michael B. Luu sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $49.23, for a total transaction of $49,230.00. Following the completion of the transaction, the vice president now directly owns 11,919 shares in the company, valued at approximately $586,772.37. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Peter C. Nelson sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $49.10, for a total transaction of $491,000.00. Following the transaction, the director now owns 39,509 shares of the company’s stock, valued at $1,939,891.90. The disclosure for this sale can be found here. Insiders sold a total of 12,000 shares of company stock valued at $590,230 over the last 90 days. Corporate insiders own 0.99% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Massey Quick Simon & CO. LLC acquired a new position in California Water Service Group during the 1st quarter worth approximately $27,000. Parallel Advisors LLC increased its position in California Water Service Group by 414.1% during the 1st quarter. Parallel Advisors LLC now owns 658 shares of the utilities provider’s stock worth $36,000 after purchasing an additional 530 shares in the last quarter. Pinnacle Bank acquired a new position in California Water Service Group during the 4th quarter worth approximately $38,000. Meeder Asset Management Inc. acquired a new position in California Water Service Group during the 1st quarter worth approximately $61,000. Finally, Quadrant Capital Group LLC increased its position in California Water Service Group by 1,271.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,275 shares of the utilities provider’s stock worth $67,000 after purchasing an additional 1,182 shares in the last quarter. Institutional investors and hedge funds own 74.32% of the company’s stock.

California Water Service Group Company Profile

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. It 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.

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Earnings History and Estimates for California Water Service Group (NYSE:CWT)

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