California Water Service Group (CWT) Projected to Post Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.17 per share and revenue of $194.80 million for the quarter.

California Water Service Group (NYSE:CWT - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.05). The firm had revenue of $222.20 million for the quarter, compared to analysts' expectations of $216.37 million. California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. During the same quarter in the previous year, the business earned $0.52 EPS. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Price Performance

Shares of California Water Service Group stock traded up $1.05 during trading on Tuesday, reaching $50.60. 407,817 shares of the stock traded hands, compared to its average volume of 332,160. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.46 and a beta of 0.56. The business has a fifty day simple moving average of $47.95 and a two-hundred day simple moving average of $47.88. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. California Water Service Group has a 52-week low of $41.64 and a 52-week high of $56.25.

California Water Service Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were paid a dividend of $0.30 per share. This is a boost from California Water Service Group's previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend was Monday, February 10th. California Water Service Group's payout ratio is presently 36.70%.

Analysts Set New Price Targets

A number of brokerages have recently commented on CWT. StockNews.com upgraded California Water Service Group from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company upgraded California Water Service Group from an "equal weight" rating to an "overweight" rating and decreased their price target for the company from $56.00 to $52.00 in a report on Tuesday, January 7th. Finally, Seaport Res Ptn upgraded California Water Service Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th.

About California Water Service Group

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.