Provides for $450 million in increased water system investments and greater fixed cost recovery. Recognizes San Jose Water’s commitment to be a force for good in the communities it serves. SAN JOSE, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW), a leading investor-owned pure-play water and wastewater utility, announced today that the California Public Utilities Commission (“CPUC”) approved the General Rate Case (“GRC”) for its wholly-owned subsidiary, San Jose Water Company (“SJW” or “t ...

Core Viewpoint - SJW Group is positioned as a strong investment option in the utility sector due to its strategic investments in infrastructure and acquisitions in water and wastewater systems, which are expected to enhance its performance [1] Growth Projections & Surprise History - The Zacks Consensus Estimate for SJW's fourth-quarter 2024 earnings per share (EPS) has increased by 1.9% to 55 cents over the past 30 days [2] - The estimated revenue for 2024 is $715.23 million, reflecting a year-over-year growth of 6.7% [2] - SJW's long-term earnings growth rate is projected at 6.07%, with an average earnings surprise of 4.3% over the last four quarters [2] Debt Position - SJW Group's total debt to capital ratio stands at 57.1%, which is better than the sector average of 59.37% [3] - The time-to-interest earned ratio is 2.4, indicating the company's capability to meet future interest obligations comfortably [3] Dividend History - SJW has a strong dividend history, with a compound annual growth rate (CAGR) of over 6% in dividends over the past five years [4] - The company has paid dividends for 80 consecutive years, with increases for the past 56 years [4] - The current quarterly dividend is 40 cents per share, leading to an annualized dividend of $1.60 and a dividend yield of 2.87%, surpassing the S&P 500 composite's yield of 1.19% [4] Systematic Investments - SJW Group has invested nearly $252 million year-to-date, which is approximately 76% of its $332 million budget for 2024 [5] - The company plans to invest over $1.6 billion in the next five years to enhance its water and wastewater operations [5] Stock Price Performance - Over the past month, SJW's stock has returned 2.2%, outperforming the industry's growth of 1.4% [6]

Investors interested in stocks from the Utility - Water Supply sector have probably already heard of SJW (SJW) and American States Water (AWR) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targ ...

SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- SJW Group (NASDAQ: SJW) has announced today that Ann Kelly joined the company on Nov. 12 as its chief accounting officer and principal accounting officer. In her new role, Kelly will help oversee financial strategy, accounting operations, budgeting and cost management, and associated regulatory compliance, while playing a key role in driving the company’s financial and strategic growth. “We are fortunate to have Ann on our team,” stated SJW Group Chair, P ...

Investors interested in stocks from the Utility - Water Supply sector have probably already heard of SJW (SJW) and American States Water (AWR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy ...

SJW (SJW) came out with quarterly earnings of $1.18 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this parent of San Jose Water Co. Would post earnings of $0.57 per share when it actually produced earnings of $0.66, delivering a surprise of 15.79%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. SJW, which belongs t ...

Delivers $1.17 of GAAP diluted earnings per share (EPS) for the quarter, a year-over-year increase of $0.04; adjusted diluted EPS (non-GAAP) of $1.18 for the quarter, a year-over-year increase of $0.05Invests $252 million in infrastructure through the third quarter of 2024, or approximately 76% of the 2024 capital budgetSettlement agreement with Public Advocates Office filed with the California Public Utilities Commission in San Jose Water's 2025 to 2027 general rate case (GRC)2024 GAAP guidance of $2.65 to ...

SJW Group (NYSE: SJW ) can be an investment with a reasonable return in the perspective of a couple of years, as the stock is currently trading at a favorable price and, in addition, an increase in profits is expected in the I am primarily a dividend investor and oriented towards value stocks. But at the same time, I do not limit my interests only to dividend stocks and value stocks. I have 10 years of investment and trading experience. My special interest is in the stocks of Eastern Europe and especially t ...

Getting big returns from financial portfolios, whether through stocks, bonds, ETFs, other securities, or a combination of all, is an investor's dream. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its ...

SAN JOSE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- SJW Group (NYSE: SJW) expects to report its 2024 third quarter financial results before the market opens on Monday, October 28, 2024. Eric W. Thornburg, president, chief executive officer and board chair, and Andrew F. Walters, chief financial officer and treasurer, will review the results in a webcast presentation on Monday, October 28, 2024, at 11 a.m. pacific daylight time, 2:00 p.m. eastern daylight time. An accompanying slide presentation will also be ...