$125.97 Million in Sales Expected for SJW Group (NYSE:SJW) This Quarter

Equities analysts expect that SJW Group (NYSE:SJW) will post sales of $125.97 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for SJW Group’s earnings. The lowest sales estimate is $124.00 million and the highest is $127.93 million. SJW Group reported sales of $98.72 million in the same quarter last year, which indicates a positive year-over-year growth rate of 27.6%. The business is scheduled to issue its next earnings results on Wednesday, February 19th.

According to Zacks, analysts expect that SJW Group will report full year sales of $420.79 million for the current financial year, with estimates ranging from $419.00 million to $422.58 million. For the next financial year, analysts anticipate that the business will post sales of $534.65 million, with estimates ranging from $531.29 million to $538.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover SJW Group.

SJW Group (NYSE:SJW) last issued its earnings results on Wednesday, October 30th. The utilities provider reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.41). SJW Group had a net margin of 9.59% and a return on equity of 5.27%. The firm had revenue of $114.00 million during the quarter, compared to analysts’ expectations of $127.00 million.

Several analysts have recently commented on the stock. Janney Montgomery Scott reaffirmed a “buy” rating and issued a $71.00 price objective on shares of SJW Group in a report on Thursday, September 5th. Zacks Investment Research lowered shares of SJW Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 7th. Wells Fargo & Co set a $80.00 target price on shares of SJW Group and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Macquarie started coverage on shares of SJW Group in a research report on Monday, October 7th. They set an “outperform” rating and a $79.00 target price for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of SJW Group in a report on Friday, November 15th. They issued a “neutral” rating and a $73.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $74.83.

In related news, Director Valer Robert A. Van purchased 7,500 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of $67.21 per share, with a total value of $504,075.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of SJW. BlackRock Inc. increased its holdings in shares of SJW Group by 3.9% during the 2nd quarter. BlackRock Inc. now owns 1,883,177 shares of the utilities provider’s stock valued at $114,442,000 after purchasing an additional 71,198 shares in the last quarter. Vanguard Group Inc. increased its holdings in SJW Group by 6.1% in the second quarter. Vanguard Group Inc. now owns 1,616,373 shares of the utilities provider’s stock valued at $98,227,000 after buying an additional 92,643 shares in the last quarter. Renaissance Technologies LLC increased its holdings in SJW Group by 12.3% in the second quarter. Renaissance Technologies LLC now owns 949,200 shares of the utilities provider’s stock valued at $57,683,000 after buying an additional 103,700 shares in the last quarter. State Street Corp raised its position in shares of SJW Group by 5.1% in the third quarter. State Street Corp now owns 553,069 shares of the utilities provider’s stock worth $37,769,000 after acquiring an additional 26,956 shares during the period. Finally, FMR LLC raised its position in shares of SJW Group by 24.5% in the first quarter. FMR LLC now owns 548,854 shares of the utilities provider’s stock worth $33,886,000 after acquiring an additional 108,003 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

SJW opened at $71.60 on Friday. The company has a current ratio of 3.52, a quick ratio of 3.52 and a debt-to-equity ratio of 0.57. SJW Group has a 12-month low of $51.82 and a 12-month high of $74.47. The firm has a 50 day moving average of $70.75 and a two-hundred day moving average of $66.47. The firm has a market capitalization of $2.04 billion, a PE ratio of 28.53, a P/E/G ratio of 10.00 and a beta of -0.01.

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were given a dividend of $0.30 per share. This is a boost from SJW Group’s previous quarterly dividend of $0.19. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, November 7th. SJW Group’s dividend payout ratio (DPR) is currently 47.81%.

About SJW Group

SJW Group, through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases.

Further Reading: What is Call Option Volume?

Get a free copy of the Zacks research report on SJW Group (SJW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for SJW Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SJW Group and related companies with MarketBeat.com's FREE daily email newsletter.