For its third fiscal quarter (ending September 30), California Water Service Group (NYSE: CWT) has reported a 72% increase in E.P.S. from $0.60 a year ago to $1.03 in the current quarter. For the latest four quarters through September 30, E.P.S. were $3.45 compared to $0.74 a year ago — an increase of 366%.
Recent Price Action
California Water Service Group (NYSE: CWT) stock closed at $51.96 on 10/31/24 after an increase of 1.3%. Moreover, trading volume in this advance was unusually high at 168% of normal. The stock has been strong relative to the market over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
CWT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
California Water Service Group has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. California Water Service Group has a neutral Appreciation Score of 45 and a slightly positive Power Rating of 67, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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