The SJW Corporation (SJW) Posts Earnings Results, Beats Estimates By $0.15 EPS

The SJW Corporation (SJW) Posts  Earnings Results, Beats Estimates By $0.15 EPS

SJW Corporation (NYSE:SJW) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15, Bloomberg Earnings reports. SJW Corporation had a net margin of 15.17% and a return on equity of 11.96%.

Shares of SJW Corporation (NYSE:SJW) traded down 0.66% during midday trading on Wednesday, hitting $61.75. 77,700 shares of the company were exchanged. The company has a market capitalization of $1.27 billion, a P/E ratio of 23.14 and a beta of 0.15. The company has a 50-day moving average of $58.89 and a 200 day moving average of $53.01. SJW Corporation has a one year low of $44.60 and a one year high of $66.45.

In related news, insider Palle Jensen sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $55.14, for a total transaction of $165,420.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 21.10% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research cut shares of SJW Corporation from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 28th. BidaskClub cut shares of SJW Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Finally, Janney Montgomery Scott upgraded shares of SJW Corporation from a “neutral” rating to a “buy” rating in a research report on Friday, July 28th.

SJW Corporation Company Profile

SJW Group, formerly SJW Corp., is a holding company. The Company’s subsidiaries include San Jose Water Company, SJWTX, Inc, SJW Land Company and Texas Water Alliance Limited (TWA). SJWTX, Inc is doing business as Canyon Lake Water Service Company (CLWSC). It operates through the segments, which include Water Utility Services, Real Estate Services and All Other.

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