CALIFORNIA WATER Service Group Expected To Earn $1.55 Per Share In Fy2022

Trending News ☀️

CALIFORNIA WATER SERVICE ($NYSE:CWT) is a water utility company that provides water and wastewater services to customers in California, Washington, and Hawaii. The company is expected to earn $1.55 per share in FY2022. CALIFORNIA WATER SERVICE has a long history of providing quality water and wastewater services to its customers. The company has a strong commitment to environmental stewardship and to providing safe and reliable water and wastewater services.

In addition to its water and wastewater services, CALIFORNIA WATER SERVICE also provides a variety of other services, including water treatment, desalination, and water recycling. The company is constantly innovating and expanding its services to meet the needs of its customers. The company is well-positioned to continue providing quality water and wastewater services to its customers in California, Washington, and Hawaii.

Share Price

So far, news coverage has been mostly positive. On Thursday, CALIFORNIA WATER SERVICE stock opened at $57.70 and closed at $58.70.

VI Analysis

California Water Service is a low risk investment in terms of financial and business aspects, according to VI Risk Rating. The company’s fundamentals reflect its long term potential. However, VI App has detected 3 risk warnings in income sheet, balance sheet, cashflow statement. Register with us to check it out.

VI 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

CALIFORNIA WATER SERVICE GROUP is a publicly-traded water utility company headquartered in San Jose, California. The company has a long history of providing high-quality water and wastewater services, and is committed to delivering these services in a safe, reliable, and cost-effective manner. CWT’s shares are traded on the New York Stock Exchange under the ticker symbol “CWT.”

Investors interested in gaining exposure to the California water market may want to consider investing in CWT. The company is a leader in the industry, and its shares offer a diversified way to gain exposure to the sector.