SJW Group (NYSE:SJW - Get Free Report) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $2.68-2.78 for the period, compared to the consensus earnings per share estimate of $2.76. SJW Group also updated its FY 2024 guidance to 2.680-2.780 EPS.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on SJW. Wells Fargo & Company boosted their target price on SJW Group from $61.00 to $62.00 and gave the company an equal weight rating in a research report on Friday, February 23rd. StockNews.com lowered SJW Group from a hold rating to a sell rating in a research report on Tuesday, February 27th. Finally, Seaport Res Ptn raised SJW Group from a neutral rating to a buy rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $66.00.
Check Out Our Latest Stock Report on SJW
SJW Group Stock Down 2.4 %
Shares of NYSE:SJW traded down $1.33 during trading on Friday, hitting $53.48. The company's stock had a trading volume of 337,252 shares, compared to its average volume of 179,538. The business has a 50 day moving average price of $55.82 and a two-hundred day moving average price of $60.55. The company has a market capitalization of $1.71 billion, a PE ratio of 20.03, a P/E/G ratio of 2.67 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.58 and a current ratio of 0.58. SJW Group has a fifty-two week low of $51.37 and a fifty-two week high of $78.42.
SJW Group (NYSE:SJW - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The utilities provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $171.34 million during the quarter, compared to analyst estimates of $161.23 million. SJW Group had a return on equity of 7.10% and a net margin of 12.68%. During the same quarter last year, the firm earned $1.09 EPS. As a group, research analysts expect that SJW Group will post 2.75 EPS for the current fiscal year.
About SJW Group
(
Get Free Report)
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.
Featured Stories
Before you consider SJW Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SJW Group wasn't on the list.
While SJW Group currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
