SJW Group (NYSE:SJW) Releases FY24 Earnings Guidance

SJW Group (NYSE:SJW) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.68-2.78 for the period, compared to the consensus estimate of $2.75. SJW Group also updated its FY 2024 guidance to 2.680-2.780 EPS.

SJW Group Stock Down 2.8 %

Shares of NYSE SJW opened at $56.17 on Wednesday. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.22. SJW Group has a 12 month low of $51.17 and a 12 month high of $70.43. The firm has a market capitalization of $1.84 billion, a PE ratio of 20.65, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62. The firm has a fifty day simple moving average of $58.43 and a two-hundred day simple moving average of $56.92.

SJW Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.85%. The ex-dividend date is Monday, November 4th. SJW Group’s dividend payout ratio (DPR) is 58.82%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of SJW Group from $63.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday. Bank of America assumed coverage on shares of SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, StockNews.com cut shares of SJW Group from a “hold” rating to a “sell” rating in a research note on Tuesday.

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.