News headlines about SJW Corporation (NYSE:SJW) have trended positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SJW Corporation earned a news impact score of 0.34 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 47.1451483044311 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of research firms recently weighed in on SJW. Zacks Investment Research raised SJW Corporation from a “hold” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday. BidaskClub lowered SJW Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, Janney Montgomery Scott raised SJW Corporation from a “neutral” rating to a “buy” rating in a report on Friday, July 28th.
Shares of SJW Corporation (NYSE SJW) traded up $1.89 during midday trading on Friday, reaching $61.69. The company’s stock had a trading volume of 85,343 shares, compared to its average volume of 78,195. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.04 and a current ratio of 0.93. The stock has a market capitalization of $1,265.94, a price-to-earnings ratio of 24.98 and a beta of 0.12.
SJW Corporation (NYSE:SJW) last issued its quarterly earnings data on Wednesday, October 25th. The utilities provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.15. SJW Corporation had a return on equity of 11.81% and a net margin of 14.83%. The firm had revenue of $124.58 million for the quarter, compared to analyst estimates of $107.00 million. sell-side analysts forecast that SJW Corporation will post 2.48 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, November 6th will be issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 1.41%. This is a positive change from SJW Corporation’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, November 3rd. SJW Corporation’s dividend payout ratio is currently 32.34%.
In other SJW Corporation news, insider Palle Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $55.14, for a total value of $165,420.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 21.10% of the company’s stock.
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About SJW Corporation
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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