3 days Ago By ABMN Staff
California Water Service Group ( NYSE:CWT – Free Report ) – Equities researchers at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of California Water Service Group in a research report issued to clients and investors on Thursday, November 14th. Zacks Research analyst J. Saha now expects that the utilities provider will earn $3.
31 per share for the year, down from their prior forecast of $3.36. The consensus estimate for California Water Service Group’s current full-year earnings is $3.
29 per share. Zacks Research also issued estimates for California Water Service Group’s Q3 2025 earnings at $1.13 EPS, Q4 2025 earnings at $0.
63 EPS, FY2025 earnings at $2.36 EPS, Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.
40 EPS, Q3 2026 earnings at $1.15 EPS and FY2026 earnings at $2.48 EPS.
California Water Service Group ( NYSE:CWT – Get Free Report ) last announced its earnings results on Thursday, October 31st. The utilities provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.
05 by ($0.02). California Water Service Group had a net margin of 19.
56% and a return on equity of 13.24%. The business had revenue of $299.
60 million for the quarter, compared to the consensus estimate of $289.55 million. During the same quarter in the prior year, the company earned $0.
60 EPS. California Water Service Group’s revenue was up 17.5% compared to the same quarter last year.
View Our Latest Stock Analysis on CWT California Water Service Group Stock Down 0.1 % Shares of California Water Service Group stock opened at $50.90 on Monday.
The company has a current ratio of 0.64, a quick ratio of 0.60 and a debt-to-equity ratio of 0.
64. California Water Service Group has a 12-month low of $43.50 and a 12-month high of $56.
25. The company has a market cap of $3.03 billion, a P/E ratio of 14.
71 and a beta of 0.49. The company’s fifty day simple moving average is $52.
65 and its two-hundred day simple moving average is $51.87. California Water Service Group Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, November 22nd.
Investors of record on Tuesday, November 12th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 12th.
This represents a $1.12 annualized dividend and a yield of 2.20%.
California Water Service Group’s payout ratio is 32.37%. Insiders Place Their Bets In other news, Director Thomas M.
Krummel sold 555 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $55.09, for a total value of $30,574.
95. Following the sale, the director now directly owns 21,951 shares of the company’s stock, valued at $1,209,280.59.
The trade was a 2.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website .
0.73% of the stock is owned by corporate insiders. Institutional Inflows and Outflows Large investors have recently added to or reduced their stakes in the stock.
Blue Trust Inc. grew its holdings in shares of California Water Service Group by 255.6% during the third quarter.
Blue Trust Inc. now owns 505 shares of the utilities provider’s stock valued at $27,000 after buying an additional 363 shares during the last quarter. GAMMA Investing LLC boosted its stake in California Water Service Group by 109.
9% during the 2nd quarter. GAMMA Investing LLC now owns 823 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 431 shares during the last quarter. CWM LLC increased its holdings in shares of California Water Service Group by 90.
8% in the 2nd quarter. CWM LLC now owns 1,349 shares of the utilities provider’s stock worth $65,000 after purchasing an additional 642 shares in the last quarter. Point72 Asia Singapore Pte.
Ltd. purchased a new position in shares of California Water Service Group in the second quarter worth $85,000. Finally, nVerses Capital LLC bought a new position in shares of California Water Service Group during the third quarter valued at $119,000.
Hedge funds and other institutional investors own 82.78% of the company’s stock. California Water Service Group Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for California Water Service Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for California Water Service Group and related companies with MarketBeat.com's FREE daily email newsletter .
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