California Water Service Group (CWT) to Release Earnings on Thursday

California Water Service Group (NYSE:CWT) will likely be issuing its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $216.37 million for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

California Water Service Group Price Performance

California Water Service Group stock opened at $46.12 on Tuesday. The firm has a market cap of $2.74 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. The stock’s fifty day moving average price is $44.80 and its two-hundred day moving average price is $49.75. California Water Service Group has a one year low of $41.64 and a one year high of $56.25.

California Water Service Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a $0.30 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from California Water Service Group’s previous quarterly dividend of $0.28. California Water Service Group’s dividend payout ratio (DPR) is presently 34.68%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Bank of America assumed coverage on shares of California Water Service Group in a research report on Wednesday, December 11th. They set a “buy” rating and a $57.00 price objective for the company. Wells Fargo & Company raised shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $56.00 to $52.00 in a report on Tuesday, January 7th. Finally, StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.25.

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, 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.