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 EPS guidance of $2.68-2.78 for the period, compared to the consensus EPS estimate of $2.75. SJW Group also updated its FY 2024 guidance to 2.680-2.780 EPS.

SJW Group Trading Up 1.1 %

NYSE SJW traded up $0.61 during trading hours on Monday, hitting $57.03. 32,207 shares of the company’s stock were exchanged, compared to its average volume of 187,082. SJW Group has a 12-month low of $51.17 and a 12-month high of $70.43. The business’s 50 day moving average is $58.52 and its 200-day moving average is $56.87. The firm has a market capitalization of $1.87 billion, a P/E ratio of 20.74, a price-to-earnings-growth ratio of 3.42 and a beta of 0.62. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.49 and a current ratio of 0.49.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Bank of America assumed coverage on SJW Group in a research note on Friday, September 20th. They set a “neutral” rating and a $65.00 price target for the company. Wells Fargo & Company raised their target price on shares of SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th.

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.