SJW Group (NYSE:SJW) Issues FY 2024 Earnings Guidance

SJW Group (NYSE:SJW) updated its FY 2024 earnings guidance on Friday. The company provided EPS guidance of 2.680-2.780 for the period, compared to the consensus EPS estimate of 2.750. The company issued revenue guidance of -.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SJW. StockNews.com raised SJW Group from a sell rating to a hold rating in a research report on Friday, April 26th. Wells Fargo & Company boosted their price target on SJW Group from $62.00 to $63.00 and gave the company an equal weight rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $66.33.

SJW Group Stock Down 1.3 %

Shares of NYSE SJW traded down $0.79 on Friday, hitting $60.87. The company had a trading volume of 171,942 shares, compared to its average volume of 185,178. SJW Group has a 12-month low of $51.17 and a 12-month high of $72.17. The business has a 50 day moving average of $55.26 and a two-hundred day moving average of $56.73. The company has a quick ratio of 0.55, a current ratio of 0.49 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $1.96 billion, a P/E ratio of 22.88, a PEG ratio of 2.99 and a beta of 0.61.

SJW Group (NYSE:SJW) last issued its earnings results on Thursday, April 25th. The utilities provider reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. SJW Group had a return on equity of 7.10% and a net margin of 12.48%. The company had revenue of $149.38 million during the quarter, compared to the consensus estimate of $140.60 million. As a group, equities research analysts forecast that SJW Group will post 2.75 earnings per share for the current fiscal year.

SJW Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Monday, August 5th. SJW Group’s payout ratio is 60.15%.

Insider Activity at SJW Group

In related news, insider Craig J. Patla sold 1,400 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total value of $77,868.00. Following the completion of the transaction, the insider now owns 3,300 shares of the company’s stock, valued at $183,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.

About SJW Group

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.