American States Water (NYSE:AWR) Releases Earnings Results, Beats Expectations By $0.07 EPS
American States Water (NYSE:AWR) posted its quarterly earnings results on Sunday. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07, MarketWatch Earnings reports. The firm had revenue of $117.06 million for the quarter, compared to analyst estimates of $114.00 million. American States Water had a return on equity of 13.49% and a net margin of 17.38%. American States Water’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 earnings per share.
AWR stock traded up $0.69 during trading hours on Tuesday, hitting $79.97. The company’s stock had a trading volume of 189,224 shares, compared to its average volume of 191,571. The stock has a 50 day moving average price of $77.21 and a two-hundred day moving average price of $77.20. American States Water has a 12 month low of $69.25 and a 12 month high of $84.00. The company has a market capitalization of $2.95 billion, a PE ratio of 35.39, a price-to-earnings-growth ratio of 6.96 and a beta of -0.07. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Investors of record on Monday, May 17th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, May 14th. American States Water’s payout ratio is presently 62.91%.
An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC acquired a new position in American States Water (NYSE:AWR) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. Hedge funds and other institutional investors own 69.39% of the company’s stock.
American States Water Company Profile
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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