Brokerages Anticipate SJW Corp. (SJW) to Post $0.45 EPS
Shares of SJW Corp. (NYSE:SJW) have earned a consensus broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a one year consensus target price of $40.00 for the company and are anticipating that the company will post $0.45 earnings per share for the current quarter, according to Zacks. Zacks has also assigned SJW Corp. an industry rank of 58 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised shares of SJW Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, June 23rd.
In other SJW Corp. news, VP Palle Jensen sold 5,000 shares of the company’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $42.08, for a total value of $210,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 22.50% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Virginia Retirement System bought a new position in shares of SJW Corp. during the first quarter valued at approximately $596,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of SJW Corp. during the first quarter valued at approximately $232,000. Prudential Financial Inc. raised its position in shares of SJW Corp. by 22.3% in the first quarter. Prudential Financial Inc. now owns 128,222 shares of the company’s stock valued at $4,661,000 after buying an additional 23,400 shares during the period. BlackRock Inc. raised its position in shares of SJW Corp. by 817.8% in the first quarter. BlackRock Inc. now owns 4,837 shares of the company’s stock valued at $176,000 after buying an additional 4,310 shares during the period. Finally, BlackRock Group LTD raised its position in shares of SJW Corp. by 57.0% in the first quarter. BlackRock Group LTD now owns 23,390 shares of the company’s stock valued at $850,000 after buying an additional 8,491 shares during the period. Institutional investors and hedge funds own 45.15% of the company’s stock.
SJW Corp. (NYSE:SJW) opened at 42.97 on Tuesday. SJW Corp. has a one year low of $27.60 and a one year high of $46.73. The firm has a market capitalization of $878.39 million, a PE ratio of 19.19 and a beta of 0.34. The stock’s 50 day moving average is $43.38 and its 200-day moving average is $38.92.
SJW Corp. (NYSE:SJW) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.41. SJW Corp. had a net margin of 14.40% and a return on equity of 11.12%. On average, analysts anticipate that SJW Corp. will post $1.80 EPS for the current fiscal year.
About SJW Corp.
SJW Corp. is a holding company. The Company has approximately five subsidiaries: San Jose Water Company, SJWTX, Inc, SJW Land Company, Texas Water Alliance Limited (TWA) and SJW Group, Inc SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). The Company operates through two segments: Water Utility Services and Real Estate Services.
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