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California Water Service (CWT)
NYSE:CWT
RESEARCH TOOLSreports
California Water Service (CWT) Stock Price & Analysis
275 Followers
CWT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$43.26 - $57.04
Previous Close$50.74
Volume285.27K
Average Volume (3M)376.34K
Market Cap
$2.93B
Enterprise Value$4.13B
Total Cash (Recent Filing)$39.59M
Total Debt (Recent Filing)$1.23B
Price to Earnings (P/E)20.3
Beta0.58
Next Earnings
Jul 25, 2024EPS Estimate
$0.47Last Dividend Ex-Date
May 03, 2024Dividend Yield2.09%
Share Statistics
EPS (TTM)2.50
Shares Outstanding57,754,106
10 Day Avg. Volume541,134
30 Day Avg. Volume376,337
Standard Deviation0.07
R-Squared0.14
Alpha-0.00171
Financial Highlights & Ratios
Price to Book (P/B)2.10
Price to Sales (P/S)13.66
Price to Cash Flow (P/CF)9.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.11
Enterprise Value/Gross Profit5.08
Enterprise Value/Ebitda9.74
Forecast
1Y Price Target
$51.33Price Target Upside0.20% Upside
Rating ConsensusHold
Number of Analyst Covering3
California Water Service News
Bulls Say, Bears Say
Bulls Say
Analyst RecommendationAnalyst is raising the price target for CWT based on its growth forecast and a balanced evaluation against industry comparables.
EarningsQ1 results included the one-time benefit of the GRC beating estimates on the top and bottom line, with a significant year-over-year revenue increase.
Regulatory ApprovalThe GRC approval granted CWT a large portion of its requested capital and operational expenditures, which may enhance investor confidence.
Bears Say
Earnings PerformanceQ4 results missed consensus and were mixed versus estimates due to varying assumptions of the one-time retroactive benefit in the delayed 2021 General Rate Case (GRC).
Regulatory ChallengesThe more than year long delay in the GRC has created an overhang on the stock and negatively impacted 2023 results.
Stock ValuationLowering price target to reflect a P/E multiple that accounts for the delayed GRC decision and its impact.
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Ownership Overview
1.93% Insiders
24.98% Mutual Funds
45.37% Other Institutional Investors
27.73% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Legal & RegulatoryLitigation, compliance, new legislation, and taxation risks
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CWT FAQ
What was California Water Service’s price range in the past 12 months?
California Water Service lowest stock price was $43.26 and its highest was $57.04 in the past 12 months.
What is California Water Service’s market cap?
Currently, no data Available
When is California Water Service’s upcoming earnings report date?
California Water Service’s upcoming earnings report date is Jul 25, 2024 which is in 77 days.
How were California Water Service’s earnings last quarter?
California Water Service released its earnings results on Apr 25, 2024. The company reported $1.21 earnings per share for the quarter, beating the consensus estimate of $0.133 by $1.077.
Is California Water Service overvalued?
According to Wall Street analysts California Water Service’s price is currently Undervalued.
Does California Water Service pay dividends?
California Water Service pays a Quarterly dividend of $0.28 which represents an annual dividend yield of 2.09%. See more information on California Water Service dividends here
What is California Water Service’s EPS estimate?
California Water Service’s EPS estimate is $0.47.
How many shares outstanding does California Water Service have?
California Water Service has 57,754,105 shares outstanding.
What happened to California Water Service’s price movement after its last earnings report?
California Water Service reported an EPS of $1.21 in its last earnings report, beating expectations of $0.133. Following the earnings report the stock price went up 3.174%.
Which hedge fund is a major shareholder of California Water Service?
Among the largest hedge funds holding California Water Service’s share is Bridgewater Associates, LP. It holds California Water Service’s shares valued at 814K.
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California Water Service Stock Smart Score
Neutral
1
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Analyst Consensus
Hold
Average Price Target:
$51.33 (0.20% Upside)
$51.33 (0.20% Upside)
Blogger Sentiment
Bullish
CWT Sentiment 80%
Sector Average 71%
Sector Average 71%
Hedge Fund Trend
Decreased
By 5.0 Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $111.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 2.7%
Last 30 Days ▼ 2.5%
Last 30 Days ▼ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-9.06%
12-Months-Change
Fundamentals
Return on Equity
10.42%
Trailing 12-Months
Asset Growth
23.00%
Trailing 12-Months
Company Description
California Water Service
California Water Service Group is a holding company, which engages to provide water utility and other related services in California, Washington, New Mexico, and Hawaii through its wholly-owned subsidiaries. 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. It also provides non-regulated water-related services under agreements with municipalities and other private companies. The company was founded in 1926 and is headquartered in San Jose, CA.
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CWT Company Deck
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CWT Earnings Call
Q1 2024
0:00 / 0:00
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CWT Stock 12 Month Forecast
Average Price Target
$51.33
▲(0.20% Upside)
Technical Analysis
Best Analysts Covering CWT
1 Year
1 Year Success Rate
9/17 ratings generated profit
1 Year Average Return
-1.32%
reiterated a buy rating 14 days ago
Copying Ben Kallo's trades and holding each position for 1 Year would result in 52.94% of your transactions generating a profit, with an average return of -1.32% per trade.
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