Zacks Research Issues Negative Estimate for CWT Earnings

Key Points

• Zacks Research has revised its Q3 2025 earnings estimate for California Water Service Group (CWT), lowering it from $1.17 to $1.13 per share.
• The company reported a Q2 earnings beat with $0.71 EPS, exceeding analyst expectations of $0.46 and showing an 8.5% revenue increase year-over-year.
• A dividend of $0.30 will be paid on August 22nd, representing an annualized yield of 2.6% and indicating a dividend payout ratio of 52.40%.

California Water Service Group (NYSE:CWT - Free Report) - Analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for California Water Service Group in a research report issued on Thursday, August 14th. Zacks Research analyst Team now expects that the utilities provider will earn $1.13 per share for the quarter, down from their prior forecast of $1.17. 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 FY2025 earnings at $2.44 EPS, Q1 2026 earnings at $0.23 EPS, Q3 2026 earnings at $1.23 EPS, FY2026 earnings at $2.53 EPS, Q1 2027 earnings at $0.25 EPS and FY2027 earnings at $2.71 EPS.

California Water Service Group (NYSE:CWT - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The utilities provider reported $0.71 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.25. California Water Service Group had a return on equity of 8.28% and a net margin of 13.71%. The company had revenue of $264.95 million for the quarter, compared to analysts' expectations of $238.20 million. During the same period in the prior year, the firm earned $0.70 earnings per share. The firm's revenue was up 8.5% compared to the same quarter last year.

CWT has been the topic of several other reports. Wells Fargo & Company reduced their price objective on California Water Service Group from $59.00 to $55.00 and set an "overweight" rating on the stock in a research note on Friday, August 1st. Wall Street Zen upgraded California Water Service Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd.

California Water Service Group Stock Up 0.3%

Shares of NYSE CWT opened at $46.51 on Monday. The stock has a market cap of $2.77 billion, a P/E ratio of 20.31, a PEG ratio of 2.22 and a beta of 0.66. The company has a current ratio of 0.53, a quick ratio of 0.50 and a debt-to-equity ratio of 0.67. California Water Service Group has a 12-month low of $41.64 and a 12-month high of $56.25. The business's fifty day simple moving average is $46.01 and its 200-day simple moving average is $46.86.

Institutional Trading of California Water Service Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Creative Planning increased its position in shares of California Water Service Group by 1.7% during the second quarter. Creative Planning now owns 15,302 shares of the utilities provider's stock worth $696,000 after purchasing an additional 253 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of California Water Service Group by 2.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,806 shares of the utilities provider's stock worth $524,000 after purchasing an additional 272 shares in the last quarter. California State Teachers Retirement System increased its position in shares of California Water Service Group by 0.5% during the second quarter. California State Teachers Retirement System now owns 54,416 shares of the utilities provider's stock worth $2,475,000 after purchasing an additional 278 shares in the last quarter. Choreo LLC increased its position in shares of California Water Service Group by 6.6% during the first quarter. Choreo LLC now owns 4,766 shares of the utilities provider's stock worth $231,000 after purchasing an additional 294 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of California Water Service Group by 109.9% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the utilities provider's stock worth $32,000 after buying an additional 365 shares during the last quarter. Institutional investors and hedge funds own 82.78% of the company's stock.

Insider Activity

In other California Water Service Group news, Director Lester A. Snow sold 1,200 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $46.51, for a total value of $55,812.00. Following the sale, the director directly owned 26,349 shares in the company, valued at $1,225,491.99. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.77% of the company's stock.

California Water Service Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Monday, August 11th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 11th. California Water Service Group's dividend payout ratio (DPR) is presently 52.40%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.