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Last $19.68 USD
Change Today -0.26 / -1.30%
Volume 149.8K
CWT On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

california water service grp (CWT) Snapshot

Open
$19.73
Previous Close
$19.94
Day High
$19.87
Day Low
$19.55
52 Week High
11/4/14 - $26.37
52 Week Low
09/4/15 - $19.55
Market Cap
942.3M
Average Volume 10 Days
244.9K
EPS TTM
$1.18
Shares Outstanding
47.9M
EX-Date
08/6/15
P/E TM
16.7x
Dividend
$0.67
Dividend Yield
3.38%
Current Stock Chart for CALIFORNIA WATER SERVICE GRP (CWT)

california water service grp (CWT) Related Businessweek News

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california water service grp (CWT) Details

California Water Service Group, through its subsidiaries, provides water utility and other related services in California, Washington, New Mexico, and Hawaii. The company engages in the production, purchase, storage, treatment, testing, distribution, and sale of water for domestic, industrial, public, and irrigation uses, as well as for fire protection. It provides its services to approximately 477,900 customers in 83 California communities; 4,300 water and wastewater customers on the islands of Maui and Hawaii; 16,300 customers in the Tacoma and Olympia areas in Washington; and 7,600 water and wastewater customers in the Belen, Los Lunas, and Elephant Butte areas in New Mexico. The company is also involved in the non-regulated water-related services, including operating water and waste water systems; providing operating and maintenance, meter reading, and billing services to private companies and municipalities; leasing communication antenna sites on its properties to telecommunication companies; billing of third-party insurance programs to its residential customers; operating recycled water systems; providing lab services for water quality testing; selling surplus property; and offering sewer and refuse billing services to various municipalities. California Water Service Group was founded in 1926 and is headquartered in San Jose, California.

1,137 Employees
Last Reported Date: 07/30/15
Founded in 1926

california water service grp (CWT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $698.4K
Chief Financial Officer, Vice President and T...
Total Annual Compensation: $381.0K
Vice President of Operations and Water Qualit...
Total Annual Compensation: $195.9K
General Counsel and Vice President
Total Annual Compensation: $252.8K
Vice President of Corporate Development
Total Annual Compensation: $422.9K
Compensation as of Fiscal Year 2014.

california water service grp (CWT) Key Developments

California Water Service Group Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Tax Guidance for the Year 2015

California Water Service Group announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. The company announced net income for the second quarter of 2015 was $9.8 million or $0.21 per diluted common share, as compared to net income of $17.2 million or $0.36 per diluted common share for the second quarter of 2014. The decrease in net income was due primarily to a decrease in accrued unbilled revenue resulting from lower customer consumption associated with the drought and mandatory conservation at the end of the period. Total revenue decreased $14.0 million, or 9%, to $144.4 million, for the second quarter of 2015 as compared to revenue of $158.4 million for the second quarter of 2014. The decrease resulted from a $10.1 million decrease in accrued unbilled revenue and a $6.7 million revenue decrease from lower production costs recorded in the modified cost balancing account (MCBA) mechanism. Net operating income was $16.493 million against $23.292 million a year ago. For the six month period ended June 30, 2014, net income was $11.4 million, or $0.24 per diluted common share compared to a net income of $11.7 million or $0.24 per diluted common share for the six month period ended June 30, 2014. Net income decreased $0.3 million during the first six months of 2015 compared to the first six months of 2014. The decrease in net income was due primarily to a decrease in accrued unbilled revenue, increases in administrative and general, other operations, and income tax expense that was partially offset by rate increases from the approval of the 2012 California General Rate Case (GRC) during the third quarter of 2014, and reductions in depreciation and amortization, maintenance and net interest expenses. Net operating income was $23.990 million against $24.444 million a year ago. Operating revenue was $266.399 million against $268.931 million a year ago. CapEx spend so far this year is $75.8 million. The effective tax rate for 2015 is estimated to be 38%.

California Water Service Group Declares Quarterly Dividend, Payable on August 21, 2015

At its meeting on July 29, 2015, the California Water Service Group Board of Directors declared the company’s 282nd consecutive quarterly dividend in the amount of $0.1675 per common share. It will be payable on August 21, 2015, to stockholders of record on August 10, 2015.

California Water Service Group to Report Q2, 2015 Results on Jul 29, 2015

California Water Service Group announced that they will report Q2, 2015 results After-Market on Jul 29, 2015

 

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Industry Analysis

CWT

Industry Average

Valuation CWT Industry Range
Price/Earnings 16.9x
Price/Sales 1.6x
Price/Book 1.5x
Price/Cash Flow 8.2x
TEV/Sales 0.6x
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