Zacks Research Has Negative Forecast for CWT Q2 Earnings

California Water Service Group (NYSE:CWT - Free Report) - Research analysts at Zacks Research dropped their Q2 2025 earnings per share (EPS) estimates for shares of California Water Service Group in a report issued on Thursday, May 15th. Zacks Research analyst R. Department now expects that the utilities provider will earn $0.40 per share for the quarter, down from their previous forecast of $0.42. The consensus estimate for California Water Service Group's current full-year earnings is $3.15 per share. Zacks Research also issued estimates for California Water Service Group's Q3 2025 earnings at $1.17 EPS, Q4 2025 earnings at $0.54 EPS, Q1 2026 earnings at $0.22 EPS, Q2 2026 earnings at $0.44 EPS, Q3 2026 earnings at $1.23 EPS, Q4 2026 earnings at $0.62 EPS, FY2026 earnings at $2.51 EPS, Q1 2027 earnings at $0.31 EPS and FY2027 earnings at $2.62 EPS.

CWT has been the subject of several other research reports. StockNews.com raised shares of California Water Service Group from a "sell" rating to a "hold" rating in a report on Friday, April 11th. Wells Fargo & Company upped their target price on shares of California Water Service Group from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Finally, Seaport Res Ptn raised 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 Up 3.2%

NYSE:CWT opened at $47.69 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.78, a price-to-earnings-growth ratio of 0.46 and a beta of 0.70. California Water Service Group has a one year low of $41.64 and a one year high of $56.25. The business has a fifty day moving average price of $48.36 and a 200-day moving average price of $47.43.

California Water Service Group (NYSE:CWT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The utilities provider reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $203.97 million during the quarter, compared to analyst estimates of $194.80 million. California Water Service Group had a return on equity of 13.24% and a net margin of 19.56%. California Water Service Group's revenue was down 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 EPS.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWT. State of Alaska Department of Revenue boosted its holdings in shares of California Water Service Group by 0.7% during the 4th quarter. State of Alaska Department of Revenue now owns 33,800 shares of the utilities provider's stock valued at $1,532,000 after purchasing an additional 231 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of California Water Service Group by 2.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,806 shares of the utilities provider's stock valued at $524,000 after purchasing an additional 272 shares during the last quarter. Choreo LLC boosted its holdings in shares of California Water Service Group by 6.6% during the 1st quarter. Choreo LLC now owns 4,766 shares of the utilities provider's stock valued at $231,000 after purchasing an additional 294 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of California Water Service Group by 3.6% during the 4th quarter. Corient Private Wealth LLC now owns 9,420 shares of the utilities provider's stock valued at $427,000 after purchasing an additional 327 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of California Water Service Group by 1.0% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 38,438 shares of the utilities provider's stock valued at $1,863,000 after purchasing an additional 373 shares during the last quarter. Institutional investors own 82.78% of the company's stock.

California Water Service Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Monday, May 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.52%. The ex-dividend date is Monday, May 12th. California Water Service Group's dividend payout ratio is currently 52.63%.

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.

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