에 대한 최신 뉴스 SJW Gr (NYSE:SJW) 주식

SJW Gr

SJW Group is a U.S. water utility services holding company that provides, stores, purifies and distributes water. The company predominantly operates in various Californian municipalities and also has operations in other states. Its operating segments include Water Utility Services and Real Estate Services. The majority of the company's revenue is derived from its water utility services segment.

SJW Group

B of A Securities analyst Ross Fowler initiates coverage on SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Neutral rating and announces Price Target of $65.

News

Price Target

Initiation

Analyst Ratings

B of A Securities Initiates Coverage On SJW Gr with Neutral Rating, Announces Price Target of $65

Constructive agreement provides for $450 million in drinking water infrastructure investment over three-years.
San Jose Water (SJW), a wholly-owned subsidiary of SJW Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>), today announced that, together with the Public Advocates Office (PAO), it has reached a constructive settlement agreement in its 2025 to 2027 General Rate Case (GRC) that was filed with the California Public Utilities Commission (CPUC) on January 2, 2024. The settlement agreement, filed on August 19, 2024 with the CPUC for its approval, excludes two policy issues which will be litigated via briefs filed on August 1, 2024.

Legal

San Jose Water Has Reached A Constructive Settlement Agreement In Its 2025 To 2027 General Rate Case That Was Filed With The California Public Utilities Commission On January 2, 2024; Provides $450M In Drinking Water Infrastructure Investment Over 3-Years; Approves The Recovery Of $15.8M From Balancing And Memorandum Accounts

Wells Fargo analyst Jonathan Reeder maintains SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) with a Equal-Weight and raises the price target from $62 to $63.

Wells Fargo Maintains Equal-Weight on SJW Gr, Raises Price Target to $63

2024&nbsp;Guidance
The following table includes a reconciliation of the company&#39;s 2024 diluted EPS&nbsp;guidance&nbsp;(GAAP) to adjusted diluted EPS&nbsp;guidance&nbsp;(non-GAAP):
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="6" rowspan="1">
2024 Earnings&nbsp;Guidance
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Estimated Diluted EPS&nbsp;Guidance&nbsp;on a GAAP Basis
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2.66
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
to
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2.76
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjustments:
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="2" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Loss on sale of real estate investments, net of tax
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
0.02
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
0.02
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EPS&nbsp;Guidance&nbsp;(non-GAAP)
</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">
$
</td>
<td colspan="1" rowspan="1">
2.68
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
to
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
2.78
</td>
</tr>
</tbody>
</table>
In addition, we reiterate our non-linear long-term diluted EPS growth of&nbsp;5%&nbsp;to&nbsp;7%, anchored off 2022&#39;s diluted EPS of&nbsp;$2.43.

Earnings

Guidance

Reported Late Wednesday, SJW Group 2024 Guidance: Sees Adjusted EPS Of $2.68-$2.78 Vs. $2.75 Consensus

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.57 by 15.79 percent. This is a 13.79 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $176.17 million which beat the analyst consensus estimate of $165.00 million by 6.77 percent. This is a 12.29 percent increase over sales of $156.89 million the same period last year.

Reported Late Wednesday, SJW Gr Q2 EPS $0.66 Beats $0.57 Estimate, Sales $176.17M Beat $165.00M Estimate

San Jose Water Receives $15.3M In Customer Relief Funding From California's Water And Wastewater Arrearage Payment Program To Assist Customers Affected By COVID-19 Financial Hardships

2024&nbsp;Guidance&nbsp;Reaffirmed
The company&#39;s 2024 full-year&nbsp;guidance&nbsp;is reaffirmed and includes:
<ul>
<li>Net income per diluted common share of&nbsp;$2.68&nbsp;to&nbsp;$2.78; and,</li>
<li>Regulated infrastructure investments of approximately&nbsp;$332 million</li>
</ul>
In addition, we reiterate our non-linear long-term diluted EPS growth of&nbsp;5%&nbsp;to&nbsp;7%, anchored off 2022&#39;s diluted EPS of&nbsp;$2.43.
When considering the company&#39;s 2024&nbsp;guidance&nbsp;relative to actual results in 2023 of&nbsp;$2.68&nbsp;diluted EPS, it is important to note that the company&#39;s adjustment to income tax reserves in 2023 resulted in an increase of&nbsp;$0.14&nbsp;per diluted share.
Our&nbsp;guidance&nbsp;is subject to risks and uncertainties, including, without limitation, those factors outlined in the &quot;Forward Looking Statements&quot; of this release and the &quot;Risk Factors&quot; section of the company&#39;s annual and quarterly reports filed with the Securities and Exchange Commission.

SJW Group Reaffirmed 2024 Guidance: Sees EPS Of $2.68 To $2.78 Vs. $3.00 Consensus

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.36 per share which missed the analyst consensus estimate of $0.39 by 7.69 percent. This is a 2.7 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $149.382 million which beat the analyst consensus estimate of $140.500 million by 6.32 percent. This is a 8.80 percent increase over sales of $137.296 million the same period last year.

Earnings Beats

Earnings Misses

SJW Gr Q1 2024 GAAP EPS $0.36 Misses $0.39 Estimate, Sales $149.382M Beat $140.500M Estimate

Management

Tanya Moniz-Witten Joins San Jose Water As President

Seaport Global analyst Angie Storozynski upgrades SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) from Neutral to Buy and announces $68 price target.

Upgrades

Seaport Global Upgrades SJW Gr to Buy, Announces $68 Price Target

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.57 by 3.51 percent. The company reported quarterly sales of $171.34 million which beat the analyst consensus estimate of $161.00 million by 6.42 percent. This is a 0.02 percent decrease over sales of $171.37 million the same period last year.

SJW Gr Q4 2023 GAAP EPS $0.59 Beats $0.57 Estimate, Sales $171.34M Beat $161.00M Estimate

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Earnings Scheduled For February 21, 2024

SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-21. Here's what investors need to know before the announcement.
Analysts estimate that SJW Gr will report an earnings per share (EPS) of $0.60. 
SJW Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.17, which was followed by a 2.12% increase in the share price the next day.
Here's a look at SJW Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.96</td>
<td>0.58</td>
<td>0.18</td>
<td>1.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.13</td>
<td>0.58</td>
<td>0.37</td>
<td>1.09</td>
</tr>
<tr>
<td>Price Change %</td>
<td>2.12%</td>
<td>-1.46%</td>
<td>-0.15%</td>
<td>0.13%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708444881_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of SJW Gr were trading at $60.45 as of February 19. Over the last 52-week period, shares are down 21.18%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SJW/earnings">To track all earnings releases for SJW Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview: SJW Gr

Thursday marks the last chance for investors to receive the next dividend payout from SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 40 cents per share. On Friday, SJW Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 40 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SJW as of the end of Thursday's session are eligible to receive the 40 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on March 01, 2024. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on SJW Gr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

SJW Gr: Dividend Insights

<ul>
<li>5.3% increase in annual dividend</li>
<li>56 years of annual dividend increases</li>
</ul>
The Board of Directors of SJW Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>) has declared a quarterly cash dividend of $0.40 per share payable on March 1, 2024, to all shareholders of record at the close of business on Feb. 5, 2024.
The March dividend will represent a 5.3% increase over the dividend paid in December 2023. The 2024 annualized dividend will be $1.60 per share compared with $1.52 per share in 2023.
"Today's action by our board to increase the annual dividend demonstrates its continuing confidence in SJW Group's mission and employees," said President, Chief Executive Officer and Chair of the Board Eric W. Thornburg. "Our team of trusted, passionate and socially responsible professionals is committed to delivering life-sustaining, high-quality water and exceptional service while protecting the environment, enhancing our communities and delivering value for shareholders."
Dividends have been paid on SJW Group's and its predecessor's common stock for more than 80 years, and the annual dividend amount has increased in each of the past 56 years, placing SJW Group in an exclusive group of companies on the New York Stock Exchange.

SJW Group Announces 2024 Quarterly Dividend Increase From $0.38 To $0.40 Per Share

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Shares of utilities stocks are trading higher amid a drop in Treasury yields following softer-than-expected October CPI data.

Thursday marks the last chance for investors to receive the next dividend payout from SJW Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJW#NYSE">SJW</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 38 cents per share. On Friday, SJW Gr will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 38 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Friday. Shareholders who own SJW as of the end of Thursday's session are eligible to receive the 38 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 01, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
<a href="https://www.benzinga.com/stock//dividends">Click here</a> to find details on SJW Gr's previous dividends.
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

SJW Gr's Ex-Dividend Date Is Friday, Here's What You Need To Know

U.S. stocks traded higher, with the Nasdaq Composite gaining more than 100 points on Monday. Here are some big stocks recording gains in today&rsquo;s session.
<ul>
<li>ImmunityBio, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibrx#NASDAQ">IBRX</a>) shares rose 19.4% to $2.9600. The FDA recently accepted ImmunityBio&#39;s resubmission of its Biologics License Application for N-803 as complete.</li>
<li>Deciphera Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dcph#NASDAQ">DCPH</a>) surged 18.5% to $12.03 after the company announced its study of patients with TGCT met its primary and secondary endpoint.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jks#NYSE">JKS</a>) gained 16% to $30.01 following better-than-expected quarterly results.</li>
<li>Daqo New Energy Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dq#NYSE">DQ</a>) climbed 15% to $26.82 following quarterly results.</li>
<li>Vitru Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtru#NASDAQ">VTRU</a>) gained 14.4% to $14.46. Vitru is expected to report its third quarter 2023 financial results on Nov. 09, 2023.</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) gained 13.2% to $40.83 as the company announced plans to buy Cloud Light Technology for around $750 million.</li>
<li>Day One Biopharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dawn#NASDAQ">DAWN</a>) surged 12.5% to $11.45 after the company announced the FDA accepted its NDA for tovorafenib in relapsed or progressive pediatric low-grade glioma, granted priority review and assigned a PDUFA date of April 30, 2024.</li>
<li>XPO, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpo#NYSE">XPO</a>) rose 12.2% to $75.54 after the company reported better-than-expected third-quarter financial results.</li>
<li>HUTCHMED (China) Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcm#NASDAQ">HCM</a>) gained 12.2% to $20.73.</li>
<li>BeiGene, Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bgne#NASDAQ">BGNE</a>) climbed 11.2% to $189.60. BeiGene recently said BRUKINSA received a positive recommendation from NICE in the UK for adult patients with chronic lymphocytic leukemia.</li>
<li>Cipher Mining Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cifr#NASDAQ">CIFR</a>) rose 10.8% to $3.68.</li>
<li>Western Digital Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wdc#NASDAQ">WDC</a>) gained 10.3% to $42.99 after the company reported first-quarter results and announced a plan to separate its HDD and Flash businesses.</li>
<li>NerdWallet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nrds#NASDAQ">NRDS</a>) rose 9.5% to $10.22.</li>
<li>Alexander&#39;s, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/alx#NYSE">ALX</a>) climbed 8.8% to $194.99 following third-quarter results.</li>
<li>Spirit Realty Capital, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/src#NYSE">SRC</a>) rose 8.8% to $35.22 after Realty Income agreed to acquire the company in a $9.3 billion all-stock transaction.</li>
<li>Pagaya Technologies Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pgy#NASDAQ">PGY</a>) gained 8.8% to $1.2200.</li>
<li>Zai Lab Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zlab#NASDAQ">ZLAB</a>) climbed 8.5% to $25.50.</li>
<li>Chart Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NASDAQ">GTLS</a>) gained 7.7% to $118.43.</li>
<li>Viridian Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrdn#NASDAQ">VRDN</a>) rose 7.7% to $13.33 as the company named Stephen Mahoney as new Chief Executive Officer. The company unveiled next generation FcRn inhibitor programs and announced a $185 million private placement financing.</li>
<li>TG Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tgtx#NASDAQ">TGTX</a>) gained 7.5% to $7.48.</li>
<li>Summit Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/smmt#NASDAQ">SMMT</a>) rose 6.6% to $1.93.</li>
<li>SJW Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sjw#NYSE">SJW</a>) climbed 4.3% to $61.19 following strong quarterly results.</li>
</ul>
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&nbsp;
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SJW Group Reaffirms Non-Linear Long-Term EPS Growth Of 5%-7%, Anchored Off Of 2022 EPS Of $2.43

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Earnings Scheduled For October 30, 2023

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