California Water Service Group (CWT) Projected to Post Earnings on Thursday

California Water Service Group (NYSE:CWT) is anticipated to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.17 per share and revenue of $194.80 million for the quarter.

California Water Service Group (NYSE:CWT) last announced its quarterly earnings data on Thursday, February 27th. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). California Water Service Group had a net margin of 19.56% and a return on equity of 13.24%. The business had revenue of $222.20 million during the quarter, compared to analysts’ expectations of $216.37 million. During the same period last year, the company posted $0.52 EPS. On average, analysts expect California Water Service Group to post $3 EPS for the current fiscal year and $2 EPS for the next fiscal year.

California Water Service Group Price Performance

Shares of California Water Service Group stock opened at $50.60 on Wednesday. California Water Service Group has a 52-week low of $41.64 and a 52-week high of $56.25. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 0.46 and a beta of 0.56. The company has a fifty day moving average of $47.95 and a 200-day moving average of $47.88. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.60 and a current ratio of 0.64.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CWT shares. Seaport Res Ptn raised shares of California Water Service Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 11th. StockNews.com raised shares of California Water Service Group from a “sell” rating to a “hold” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company raised shares of California Water Service Group from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $56.00 to $52.00 in a research report on Tuesday, January 7th.

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.