H2O America FY2026 EPS Forecast Reduced by Seaport Res Ptn

Key Points

• Seaport Res Ptn has lowered its FY2026 earnings per share estimate for H2O America to $2.92 from $3.04, reflecting a bearish outlook for the utility provider.
• H2O America reported a quarterly EPS of $0.75, exceeding the consensus estimate of $0.71, with revenue reaching $198.26 million, surpassing expectations of $183.26 million.
• The company has announced a quarterly dividend of $0.42 per share, set to be paid on September 2nd, with a dividend yield of 3.46%.

H2O America (NASDAQ:HTO - Free Report) - Analysts at Seaport Res Ptn dropped their FY2026 earnings estimates for H2O America in a report released on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now anticipates that the utilities provider will earn $2.92 per share for the year, down from their prior forecast of $3.04. The consensus estimate for H2O America's current full-year earnings is $2.75 per share. Seaport Res Ptn also issued estimates for H2O America's FY2027 earnings at $2.90 EPS and FY2029 earnings at $4.02 EPS.

HTO has been the subject of several other reports. Wall Street Zen started coverage on shares of H2O America in a research report on Thursday, May 22nd. They set a "hold" rating for the company. Wells Fargo & Company cut 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.

H2O America Price Performance

Shares of NASDAQ HTO traded up $1.20 during mid-day trading on Wednesday, reaching $49.49. The company's stock had a trading volume of 261,542 shares, compared to its average volume of 272,013. The stock has a 50-day moving average of $52.43 and a two-hundred day moving average of $52.04. The stock has a market capitalization of $1.75 billion, a P/E ratio of 16.23, a P/E/G ratio of 2.54 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.64 and a current ratio of 0.64. H2O America has a 1-year low of $44.91 and a 1-year high of $61.97.

H2O America (NASDAQ:HTO - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $198.26 million for 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%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP lifted its stake in H2O America by 123.4% in the fourth quarter. Quarry LP now owns 668 shares of the utilities provider's stock worth $33,000 after acquiring an additional 369 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in H2O America by 64.4% in the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider's stock worth $38,000 after acquiring an additional 300 shares during the last quarter. Hughes Financial Services LLC purchased a new position in H2O America in the first quarter worth approximately $47,000. Sterling Capital Management LLC lifted 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 acquiring an additional 943 shares during the last quarter. Finally, GAMMA Investing LLC lifted 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 acquiring an additional 880 shares during the last quarter. Hedge funds and other institutional investors own 84.29% of the company's stock.

H2O America Announces Dividend

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

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.