NYSE:CWTWater Utilities
California Water Service Group (CWT) Margin Drop Reinforces Investor Concerns Over Premium Valuation
California Water Service Group (CWT) reported net profit margins of 13.7%, down from 17.8% a year ago, signaling a drop in profitability. Over the last five years, the company’s earnings have grown at an annual rate of 9.9%, and future earnings are forecast to rise by 12.07% per year, though this pace trails the broader US market’s 15.7% projection. With revenue growth expected at 2.9% per year and margins coming under pressure, investors are contending with a stock that trades at a...