SJW Group (NYSE:SJW – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided EPS guidance of $2.68-2.78 for the period, compared to the consensus EPS estimate of $2.76.
SJW Group Stock Up 1.2 %
SJW opened at $59.07 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.55 and a quick ratio of 0.55. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.83 and a beta of 0.61. The business has a 50-day moving average of $55.21 and a two-hundred day moving average of $56.77. SJW Group has a 12 month low of $51.17 and a 12 month high of $72.92.
SJW Group (NYSE:SJW – Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. SJW Group had a return on equity of 6.98% and a net margin of 12.48%. The firm had revenue of $149.38 million for the quarter, compared to analyst estimates of $140.60 million. On average, research analysts expect that SJW Group will post 2.75 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on SJW Group
Insider Buying and Selling at SJW Group
In other SJW Group news, insider Craig J. Patla sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $55.62, for a total value of $77,868.00. Following the sale, the insider now owns 3,300 shares of the company’s stock, valued at approximately $183,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.
About SJW Group
SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.
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