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

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

California Water Service Group Price Performance

CWT stock opened at $46.12 on Tuesday. The company has a market capitalization of $2.74 billion, a P/E ratio of 13.33, a PEG ratio of 0.46 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64. California Water Service Group has a 52-week low of $41.64 and a 52-week high of $56.25. The company has a fifty day moving average price of $44.80 and a 200-day moving average price of $49.75.

California Water Service Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a $0.30 dividend. This is a positive change from California Water Service Group’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, February 10th. This represents a $1.20 annualized dividend and a yield of 2.60%. California Water Service Group’s payout ratio is presently 34.68%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com raised California Water Service Group from a “sell” rating to a “hold” rating in a research note on Saturday, February 8th. Bank of America initiated coverage on shares of California Water Service Group in a report on Wednesday, December 11th. They set a “buy” rating and a $57.00 price objective on the stock. Finally, Wells Fargo & Company raised shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $56.00 to $52.00 in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.