California Water Service Group (CWT) to Release Quarterly Earnings on Thursday

California Water Service Group (NYSE:CWT) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.38 per share and revenue of $216.37 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

California Water Service Group Price Performance

Shares of California Water Service Group stock opened at $47.03 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.64 and a quick ratio of 0.60. California Water Service Group has a fifty-two week low of $41.64 and a fifty-two week high of $56.25. The firm has a fifty day moving average price of $44.78 and a two-hundred day moving average price of $49.71. The company has a market cap of $2.80 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.46 and a beta of 0.52.

California Water Service Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a $0.30 dividend. The ex-dividend date was Monday, February 10th. This is an increase from California Water Service Group’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.55%. California Water Service Group’s dividend payout ratio is 34.68%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CWT. Bank of America began coverage on shares of California Water Service Group in a research note on Wednesday, December 11th. They issued a “buy” rating and a $57.00 price objective for the company. StockNews.com upgraded shares of California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Finally, Wells Fargo & Company upgraded shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $56.00 to $52.00 in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $53.25.

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.