CWT Intrinsic Stock Value – CALIFORNIA WATER SERVICE to Report Earnings Results on April 27th

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The California Water Service ($NYSE:CWT) Group (NYSE: CWT) will report its earnings results before the start of trading on Thursday, April 27th. They are the second largest investor-owned water utility in California, as well as the western United States. The company also provides water treatment and related services to customers who own their own water sources, such as residential well owners. California Water Service Group also offers non-regulated services including water system operations and maintenance, infrastructure services, and engineering and construction services. The company has set itself apart from its competitors by maintaining a strong focus on sustainability, innovation, customer service, and safety.

As such, California Water Service Group has been recognized with numerous awards for their efforts in providing reliable and safe drinking water to their customers. They also strive to reduce their environmental footprint by capturing and reusing recycled water, promoting water conservation and efficiency measures, and investing in renewable energy sources. The release will include information on revenue, operating costs and expenses, profits, cash flow, and other key metrics that help investors assess the company’s financial performance. By getting a better understanding of the financial health of California Water Service Group, investors can make better informed decisions regarding their investments.

Share Price

The news was met with mixed reactions from investors, as CWT’s stock opened at $59.1 on Friday but closed at $58.4, down by 0.2% from its previous closing price of 58.5. It remains to be seen how the company’s earnings results for the quarter will impact its stock price and financial performance in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for CWT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for CWT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for CWT. More…

Key Ratios Snapshot

Some of the financial key ratios for CWT are shown below. More…

Analysis – CWT Intrinsic Stock Value

GoodWhale is here to help you analyze the financials of CALIFORNIA WATER SERVICE. After running our proprietary Valuation Line on the company, we determined that the intrinsic value of CALIFORNIA WATER SERVICE share is around $55.5. As of now, the stock is trading at $58.4, which is a fair price but is slightly overvalued by 5.3%. Knowing this information, you can make a more informed decision about whether CALIFORNIA WATER SERVICE is a good investment for you or not. More…

Peers

In recent years, the water utility industry has seen increased competition, particularly in the state of California. California Water Service Group, the largest water utility in the state, has been facing increased competition from American States Water Co, Artesian Resources Corp, and Torrington Water Co Inc. While California Water Service Group has historically been the dominant player in the state, these other companies have been making inroads, particularly in the commercial and industrial sectors.

– American States Water Co ($NYSE:AWR)

American States Water Co is a publicly traded water and wastewater utility company. Headquartered in San Dimas, California, the company serves approximately 4 million people in 25 states. American States Water Co. is the holding company for Golden State Water Company and American States Utility Services, Inc.

The company’s ROE of 12.01% is slightly below the industry average of 12.36%. However, its market cap of 2.99B is well above the industry average of 1.79B. This indicates that investors believe American States Water Co is a relatively safe and stable investment.

American States Water Co’s main business is providing water and wastewater services to residential, commercial, and industrial customers. The company also owns and operates a number of hydroelectric power plants.

– Artesian Resources Corp ($NASDAQ:ARTNA)

Artesian Resources Corporation is a holding company that provides water, wastewater, and related services on the Delmarva Peninsula through its operating subsidiaries. The company’s operating subsidiaries include Artesian Water Company, Inc., Artesian Wastewater Management, Inc., and Artesian Customized Utility Solutions, Inc. Artesian Resources has a market cap of 474.4M as of 2022 and a Return on Equity of 10.87%. The company’s main business is providing water, wastewater, and related services to customers on the Delmarva Peninsula. Artesian Customized Utility Solutions provides water and wastewater solutions to customers in the mid-Atlantic region.

Summary

Investors of California Water Service Group should be preparing for the upcoming earnings announcement as the company is expected to report before the market opens on April 27th. Analysts expect revenue to increase year-over-year due to the company’s strategic acquisitions and steady rate hikes. Earnings per share are expected to rise as well, backed by stable rate increases and increased cost savings resulting from acquisitions. As such, investors should watch out for updates on the company’s rate structure and cost savings opportunities.

At the same time, they should look out for any potential changes in customer demand levels as that could affect the company’s performance. Overall, with a strong financial position and expanding customer base, California Water Service Group remains a good investment opportunity for investors.