Revenue Update on California Water Service Group(NYSE:CWT)

California Water Service Group(NYSE:CWT) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $152.44M. Analysts estimated a revenue of $121.55M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.25.

California Water Service Group (CWT) shares turned negative on Thursdays trading session with the shares closing down -0.0575 points or -0.18% at a volume of 2,95,225. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $32.71. The peak price level was also seen at $32.71 while the days lowest was $32.111. Finally the shares closed at $32.33. The 52-week high of the shares is $35.62 while the 52-week low is $19.55. According to the latest information available, the market cap of the company is $1,551 M.

Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Timothy D Treloar (VP, Ops and Water Quality) sold 518 shares at $32.06 per share price.Also, On May 13, 2016, David B Healey (VP, Controller) sold 1,000 shares at $28.61 per share price.On May 6, 2016, Michael B Luu (VP, Customer Service & IT) sold 849 shares at $28.68 per share price, according to the Form-4 filing with the securities and exchange commission.

California Water Service Group is a holding company. The Company through its wholly owned subsidiaries provides water utility and other related services in California Washington New Mexico and Hawaii. It operates through six operating subsidiaries: California Water Service Company (Cal Water) New Mexico Water Service Company (New Mexico Water) Washington Water Service Company (Washington Water) Hawaii Water Service Company Inc. (Hawaii Water) and CWS Utility Services and HWS Utility Services LLC (collectively Utility Services). Utility Services provides non-regulated services to private companies and municipalities. Its business consists of the production purchase storage treatment testing distribution and sale of water for domestic industrial public and irrigation uses and for fire protection. Its non-regulated services include full water system operation billing and meter reading services.

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