York Water (NASDAQ:YORW) Releases Earnings Results, Beats Estimates By $0.05 EPS

York Water (NASDAQ:YORW) announced its quarterly earnings data on Thursday. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.05, Zacks reports. York Water had a return on equity of 8.50% and a net margin of 25.83%.The firm had revenue of $20.36 million for the quarter, compared to analysts’ expectations of $21.00 million.

York Water Trading Up 0.0%

Shares of NASDAQ YORW traded up $0.01 during trading hours on Thursday, hitting $32.45. The company’s stock had a trading volume of 103,919 shares, compared to its average volume of 85,733. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.80 and a current ratio of 1.00. The stock has a market cap of $467.96 million, a price-to-earnings ratio of 23.69 and a beta of 0.74. York Water has a 12 month low of $29.68 and a 12 month high of $38.22. The business has a 50-day simple moving average of $30.99 and a 200-day simple moving average of $31.80.

York Water Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.2192 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.88 annualized dividend and a dividend yield of 2.7%. York Water’s dividend payout ratio (DPR) is presently 63.50%.

Institutional Trading of York Water

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in shares of York Water by 86.9% in the second quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Osaic Holdings Inc. boosted its position in York Water by 39.2% during the 2nd quarter. Osaic Holdings Inc. now owns 4,458 shares of the utilities provider’s stock valued at $143,000 after acquiring an additional 1,255 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in York Water during the 1st quarter valued at approximately $263,000. Ameriprise Financial Inc. boosted its position in York Water by 4.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,572 shares of the utilities provider’s stock valued at $271,000 after acquiring an additional 327 shares in the last quarter. Finally, Man Group plc bought a new stake in York Water during the 2nd quarter valued at approximately $385,000. 49.86% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

YORW has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of York Water in a research note on Wednesday, October 8th. Wall Street Zen cut York Water from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.