Aris Water Solutions (ARIS) Scheduled to Post Earnings on Tuesday

Aris Water Solutions (NYSE:ARIS) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last posted its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. The company had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $14.65 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company has a 50 day moving average price of $13.14 and a 200-day moving average price of $10.08. Aris Water Solutions has a 52 week low of $6.78 and a 52 week high of $15.31. The firm has a market capitalization of $846.62 million, a PE ratio of 24.42 and a beta of 1.68.

Aris Water Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio is currently 60.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on ARIS shares. The Goldman Sachs Group boosted their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Citigroup upped their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. TheStreet upgraded Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company increased their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.