California Water Service Group (NYSE:CWT – Get Free Report) issued its quarterly earnings data on Thursday. The utilities provider reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $1.00, Briefing.com reports. The business had revenue of $270.75 million during the quarter, compared to the consensus estimate of $183.85 million. California Water Service Group had a return on equity of 3.75% and a net margin of 6.53%. The business’s revenue was up 106.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.40) earnings per share.
California Water Service Group Price Performance
Shares of NYSE:CWT traded down $0.12 on Friday, reaching $47.93. 401,414 shares of the company traded hands, compared to its average volume of 366,920. California Water Service Group has a fifty-two week low of $43.50 and a fifty-two week high of $58.30. The company’s 50 day moving average is $46.10 and its 200-day moving average is $48.32. The stock has a market capitalization of $2.76 billion, a PE ratio of 54.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.69 and a quick ratio of 0.65.
California Water Service Group Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, May 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.34%. California Water Service Group’s dividend payout ratio (DPR) is presently 125.84%.
Wall Street Analysts Forecast Growth
About California Water Service Group
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.
See Also
- Five stocks we like better than California Water Service Group
- Upcoming IPO Stock Lockup Period, Explained
- 3 Stocks Leading the U.S. Agriculture Comeback
- Election Stocks: How Elections Affect the Stock Market
- How to Use Put Debit Spreads to Profit From Falling Stocks
- Investing In Automotive Stocks
- Alphabet Changes the Narrative with Its First-Ever Dividend
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.