Seaport Res Ptn Reduces Earnings Estimates for H2O America

Key Points

• Seaport Res Ptn has decreased its earnings estimate for H2O America from $3.77 to $3.74 per share for FY2028, while the consensus estimate remains at $2.75 per share.
• H2O America reported earnings of $0.75 per share for the last quarter, exceeding the expected $0.71, along with a revenue of $198.26 million.
• The company announced a quarterly dividend of $0.42 per share, which translates to an annualized dividend yield of 3.45%.

H2O America (NASDAQ:HTO - Free Report) - Equities researchers at Seaport Res Ptn decreased their FY2028 earnings estimates for shares of H2O America in a research report issued to clients and investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will post earnings per share of $3.74 for the year, down from their prior forecast of $3.77. The consensus estimate for H2O America's current full-year earnings is $2.75 per share.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The utilities provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $198.26 million during the quarter, compared to the consensus estimate of $183.26 million. H2O America had a net margin of 13.03% and a return on equity of 7.67%.

Several other brokerages also recently commented on HTO. Wells Fargo & Company reduced their price objective on shares of H2O America from $60.00 to $58.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen assumed coverage on shares of H2O America in a research report on Thursday, May 22nd. They issued a "hold" rating for the company.

H2O America Trading Up 0.7%

Shares of HTO stock traded up $0.35 during trading hours on Thursday, hitting $49.84. 121,820 shares of the company were exchanged, compared to its average volume of 267,989. The firm has a market cap of $1.76 billion, a P/E ratio of 16.34, a P/E/G ratio of 2.54 and a beta of 0.53. H2O America has a fifty-two week low of $44.91 and a fifty-two week high of $61.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.64 and a current ratio of 0.64. The company has a 50 day simple moving average of $52.43 and a two-hundred day simple moving average of $52.04.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 11th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, August 11th. H2O America's payout ratio is presently 55.08%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP grew its holdings in shares of H2O America by 123.4% during the fourth quarter. Quarry LP now owns 668 shares of the utilities provider's stock worth $33,000 after purchasing an additional 369 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of H2O America by 64.4% during the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider's stock worth $38,000 after purchasing an additional 300 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in H2O America in the first quarter worth approximately $47,000. Sterling Capital Management LLC boosted its stake in H2O America by 842.0% in the fourth quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider's stock worth $52,000 after buying an additional 943 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in H2O America by 190.5% in the first quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider's stock worth $73,000 after buying an additional 880 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

H2O America Company Profile

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.