Analysts Estimate Report : What to Look Out for California Water Service Group (NYSE:CWT)

Earnings results for California Water Service Group (NYSE:CWT)

California Water Service Group Holding is expected* to report earnings on 02/25/2021 before market open. The report will be for the fiscal Quarter ending Dec 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.35. The reported EPS for the same quarter last year was $0.24.

Analyst Opinion on California Water Service Group (NYSE:CWT)

4 Wall Street analysts have issued ratings and price targets for California Water Service Group in the last 12 months. Their average twelve-month price target is $52.67, predicting that the stock has a possible downside of 8.02%. The high price target for CWT is $56.00 and the low price target for CWT is $50.00. There are currently 4 hold ratings for the stock, resulting in a consensus rating of “Hold.”

California Water Service Group has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $52.67, California Water Service Group has a forecasted downside of 8.0% from its current price of $57.26. California Water Service Group has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: California Water Service Group (NYSE:CWT)

California Water Service Group pays a meaningful dividend of 1.57%, higher than the bottom 25% of all stocks that pay dividends. California Water Service Group has only been increasing its dividend for 1 years. The dividend payout ratio of California Water Service Group is 70.23%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, California Water Service Group will have a dividend payout ratio of 54.12% next year. This indicates that California Water Service Group will be able to sustain or increase its dividend.

Insiders buying/selling: California Water Service Group (NYSE:CWT)

In the past three months, California Water Service Group insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $50,000.00 in company stock. Only 0.89% of the stock of California Water Service Group is held by insiders. 73.15% of the stock of California Water Service Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of California Water Service Group (NYSE:CWT

Earnings for California Water Service Group are expected to decrease by -3.95% in the coming year, from $1.77 to $1.70 per share. The P/E ratio of California Water Service Group is 30.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.81. The P/E ratio of California Water Service Group is 30.62, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 34.55. California Water Service Group has a P/B Ratio of 3.53. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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