How Have the Numbers Shaped Up for California Water Service Group (NYSE:CWT)

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

California Water Service Group Holding is expected* to report earnings on 04/29/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.03. The reported EPS for the same quarter last year was $-0.42.

California Water Service Group last issued its quarterly earnings data on February 25th, 2021. The utilities provider reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by $0.04. The business earned $189.15 million during the quarter, compared to analysts’ expectations of $184 million. California Water Service Group has generated $1.31 earnings per share over the last year and currently has a price-to-earnings ratio of 31.7. California Water Service Group has confirmed that its next quarterly earnings report will be published on Thursday, April 29th, 2021.

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

5 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 $54.00, predicting that the stock has a possible downside of 8.97%. The high price target for CWT is $56.00 and the low price target for CWT is $52.00. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating 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 1.80, and is based on 1 buy rating, 2 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $54.00, California Water Service Group has a forecasted downside of 9.0% from its current price of $59.32. California Water Service Group has only been the subject of 3 research reports in the past 90 days.

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

California Water Service Group pays a meaningful dividend of 1.56%, 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 $26,655.00 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 31.72, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.88. The P/E ratio of California Water Service Group is 31.72, which means that it is trading at a more expensive P/E ratio than the Utilities sector average P/E ratio of about 31.57. California Water Service Group has a P/B Ratio of 3.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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