SJW Corp. (NYSE:SJW) announced its earnings results on Wednesday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.41.
Separately, Zacks Investment Research cut shares of SJW Corp. from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 26th.
Shares of SJW Corp. (NYSE:SJW) traded down 0.53% during trading on Wednesday, reaching $40.95. 64,545 shares of the company traded hands. SJW Corp. has a 52 week low of $27.60 and a 52 week high of $41.42. The firm has a 50 day moving average of $38.29 and a 200 day moving average of $35.50. The stock has a market capitalization of $836.40 million and a PE ratio of 23.02.
SJW Corp. is a holding company. The Company has four subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). The Company has two business segments Water Utility Services and Real Estate Services. Water Utility Services is engaged in the business of production purchase storage purification distribution wholesale and retail sale of water through its subsidiaries San Jose Water Company, SJWTX, Inc and Texas Water Alliance.
