What is Zacks Research's Forecast for CWT FY2027 Earnings?

Key Points

• Zacks Research has raised its FY2027 earnings forecast for California Water Service Group (CWT) to $2.66 per share, slightly up from a prior estimate of $2.65, while the consensus estimate remains higher at $3.15 per share.
• The stock has recently faced mixed ratings from analysts, with Wells Fargo upping its price target to $59.00 and Wall Street Zen downgrading it to a "sell."
• California Water Service Group reported a quarterly dividend of $0.30 per share, yielding approximately 2.67%, and has a payout ratio of 52.63%.

California Water Service Group (NYSE:CWT - Free Report) - Stock analysts at Zacks Research lifted their FY2027 earnings per share estimates for California Water Service Group in a research report issued on Friday, July 25th. Zacks Research analyst R. Department now anticipates that the utilities provider will post earnings per share of $2.66 for the year, up from their previous estimate of $2.65. The consensus estimate for California Water Service Group's current full-year earnings is $3.15 per share.

California Water Service Group (NYSE:CWT - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.40 by $0.31. California Water Service Group had a net margin of 13.84% and a return on equity of 8.32%.

A number of other equities research analysts also recently commented on CWT. Wall Street Zen downgraded shares of California Water Service Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Wells Fargo & Company lifted their price target on California Water Service Group from $54.00 to $59.00 and gave the company an "overweight" rating in a research report on Friday, May 2nd. Finally, Seaport Res Ptn upgraded shares of California Water Service Group from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th.

California Water Service Group Trading Down 0.2%

Shares of NYSE:CWT traded down $0.09 during midday trading on Monday, reaching $44.81. 66,887 shares of the company's stock were exchanged, compared to its average volume of 369,132. California Water Service Group has a fifty-two week low of $41.64 and a fifty-two week high of $56.25. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 2.21 and a beta of 0.64. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.53 and a quick ratio of 0.49. The firm's 50 day simple moving average is $46.02 and its two-hundred day simple moving average is $46.62.

Hedge Funds Weigh In On California Water Service Group

Several institutional investors have recently made changes to their positions in CWT. Commonwealth Equity Services LLC increased its holdings in California Water Service Group by 3.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 12,228 shares of the utilities provider's stock worth $554,000 after acquiring an additional 382 shares during the last quarter. Corient Private Wealth LLC boosted its stake in California Water Service Group by 3.6% in the 4th quarter. Corient Private Wealth LLC now owns 9,420 shares of the utilities provider's stock worth $427,000 after purchasing an additional 327 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of California Water Service Group by 36.9% during the 4th quarter. Teacher Retirement System of Texas now owns 21,550 shares of the utilities provider's stock valued at $977,000 after buying an additional 5,806 shares during the period. Virtu Financial LLC purchased a new position in California Water Service Group during the fourth quarter valued at $200,000. Finally, KLP Kapitalforvaltning AS bought a new stake in California Water Service Group in the 4th quarter valued at $548,000. Institutional investors and hedge funds own 82.78% of the company's stock.

Insider Transactions at California Water Service Group

In related news, Director Lester A. Snow sold 1,200 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $46.51, for a total transaction of $55,812.00. Following the completion of the transaction, the director directly owned 26,349 shares in the company, valued at $1,225,491.99. This represents a 4.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.77% of the stock is owned by corporate insiders.

California Water Service Group Company Profile

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.