SJW Group (NYSE:SJW) Releases FY24 Earnings Guidance

SJW Group (NYSE:SJW) updated its FY24 earnings guidance on Monday. 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 Up 1.1 %

Shares of SJW stock traded up $0.61 during trading on Monday, reaching $57.03. The company’s stock had a trading volume of 32,207 shares, compared to its average volume of 187,082. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.49 and a quick ratio of 0.49. SJW Group has a 1-year low of $51.17 and a 1-year high of $70.43. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 20.74, a P/E/G ratio of 3.42 and a beta of 0.62. The stock’s 50-day moving average price is $58.52 and its 200 day moving average price is $56.87.

Wall Street Analyst Weigh In

SJW has been the subject of several recent research reports. Bank of America initiated coverage on SJW Group in a research note on Friday, September 20th. They issued a “neutral” rating and a $65.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of SJW Group from $62.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th.

SJW Group Company Profile

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.