Equities analysts predict that California Water Service Group Holding (NYSE:CWT) will announce $203.00 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for California Water Service Group Holding’s earnings. The highest sales estimate is $209.00 million and the lowest is $197.00 million. California Water Service Group Holding reported sales of $184.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.2%. The company is expected to issue its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that California Water Service Group Holding will report full-year sales of $203.00 million for the current financial year, with estimates ranging from $650.00 million to $654.20 million. For the next financial year, analysts expect that the firm will report sales of $677.23 million per share, with estimates ranging from $674.70 million to $679.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover California Water Service Group Holding.

California Water Service Group Holding (NYSE:CWT) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. California Water Service Group Holding had a return on equity of 8.78% and a net margin of 9.17%. The company had revenue of $171.10 million during the quarter, compared to analysts’ expectations of $162.23 million. During the same quarter in the previous year, the firm earned $0.24 EPS. California Water Service Group Holding’s revenue was up 12.3% on a year-over-year basis.

A number of brokerages recently issued reports on CWT. Zacks Investment Research downgraded California Water Service Group Holding from a “buy” rating to a “hold” rating in a report on Monday, July 31st. BidaskClub cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. US Capital Advisors reissued a “hold” rating on shares of California Water Service Group Holding in a research report on Monday, July 17th. Finally, Gabelli cut California Water Service Group Holding from a “buy” rating to a “hold” rating in a research report on Friday, April 28th. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $34.40.

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Shares of California Water Service Group Holding (NYSE:CWT) traded up 0.91% during trading on Friday, reaching $38.85. The company’s stock had a trading volume of 118,847 shares. The stock has a market cap of $1.87 billion, a P/E ratio of 32.37 and a beta of 0.69. The stock’s 50-day moving average is $37.38 and its 200-day moving average is $35.74. California Water Service Group Holding has a 12-month low of $29.25 and a 12-month high of $39.65.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Thursday, August 3rd. California Water Service Group Holding’s dividend payout ratio (DPR) is presently 60.00%.

In related news, VP David B. Healey sold 1,000 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $35.90, for a total value of $35,900.00. Following the completion of the transaction, the vice president now owns 13,574 shares of the company’s stock, valued at approximately $487,306.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its stake in California Water Service Group Holding by 6.8% in the first quarter. Great West Life Assurance Co. Can now owns 67,965 shares of the utilities provider’s stock worth $2,433,000 after buying an additional 4,330 shares during the period. Russell Investments Group Ltd. raised its position in shares of California Water Service Group Holding by 242.8% in the first quarter. Russell Investments Group Ltd. now owns 12,848 shares of the utilities provider’s stock worth $460,000 after buying an additional 9,100 shares during the period. Clear Harbor Asset Management LLC raised its position in shares of California Water Service Group Holding by 0.3% in the first quarter. Clear Harbor Asset Management LLC now owns 87,222 shares of the utilities provider’s stock worth $3,127,000 after buying an additional 300 shares during the period. ProShare Advisors LLC raised its position in shares of California Water Service Group Holding by 16.2% in the first quarter. ProShare Advisors LLC now owns 200,796 shares of the utilities provider’s stock worth $7,199,000 after buying an additional 28,012 shares during the period. Finally, Personal Capital Advisors Corp raised its position in shares of California Water Service Group Holding by 7.6% in the first quarter. Personal Capital Advisors Corp now owns 500,046 shares of the utilities provider’s stock worth $17,502,000 after buying an additional 35,267 shares during the period. 68.43% of the stock is currently owned by institutional investors.

About California Water Service Group Holding

California Water Service Group is a holding company. The Company operates through the supply and distribution of water and providing water-related utility services segment. The Company, through its subsidiaries, provides non-regulated services and non-regulated services to private companies and municipalities.

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