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 H2O America in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will earn $3.74 per share 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.

Several other brokerages have also recently issued reports on HTO. Wells Fargo & Company reduced their price target on shares of H2O America from $60.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Wall Street Zen initiated coverage on shares of H2O America in a research report on Thursday, May 22nd. They set a "hold" rating on the stock.

H2O America Trading Up 2.5%

NASDAQ HTO traded up $1.20 during trading hours on Thursday, reaching $49.49. The company had a trading volume of 261,542 shares, compared to its average volume of 258,936. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.48 and a beta of 0.53. H2O America has a 1-year low of $44.91 and a 1-year high of $61.97. The company has a current ratio of 0.64, a quick ratio of 0.66 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $52.43 and a 200 day moving average of $52.10.

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

Institutional Trading of H2O America

Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of H2O America in the 4th quarter valued at $1,942,000. Norges Bank acquired a new position in shares of H2O America in the 4th quarter valued at $10,255,000. Teacher Retirement System of Texas acquired a new position in shares of H2O America in the 1st quarter valued at $252,000. Geode Capital Management LLC increased its holdings in shares of H2O America by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 745,624 shares of the utilities provider's stock valued at $36,708,000 after acquiring an additional 22,890 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in shares of H2O America by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 150,907 shares of the utilities provider's stock valued at $8,253,000 after acquiring an additional 3,993 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.68 annualized dividend and a yield of 3.4%. H2O America's dividend payout ratio (DPR) is 55.08%.

About H2O America

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.