SJW Group (NYSE:SJW) Updates FY24 Earnings Guidance

SJW Group (NYSE:SJW) updated its FY24 earnings guidance on Friday. The company provided earnings per share guidance of $2.68-2.78 for the period, compared to the consensus earnings per share estimate of $2.76. SJW Group also updated its FY 2024 guidance to 2.680-2.780 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Seaport Res Ptn raised shares of SJW Group from a neutral rating to a buy rating in a report on Monday, February 26th. StockNews.com cut shares of SJW Group from a hold rating to a sell rating in a report on Tuesday, February 27th. Finally, Wells Fargo & Company lifted their target price on shares of SJW Group from $61.00 to $62.00 and gave the company an equal weight rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $66.00.

SJW Group Price Performance

NYSE:SJW opened at $54.81 on Friday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average is $56.07 and its two-hundred day moving average is $60.64. SJW Group has a 12-month low of $51.37 and a 12-month high of $78.66.

SJW Group (NYSE:SJW) last released its earnings results on Wednesday, February 21st. The utilities provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). SJW Group had a net margin of 12.68% and a return on equity of 7.10%. The firm had revenue of $171.34 million during the quarter, compared to analysts’ expectations of $161.23 million. During the same quarter last year, the company posted $1.09 earnings per share. Research analysts expect that SJW Group will post 2.75 EPS for the current year.

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.