York Water (NASDAQ:YORW) Posts Earnings Results, Beats Estimates By $0.09 EPS

York Water (NASDAQ:YORW) released its earnings results on Thursday. The utilities provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.09, FiscalAI reports. York Water had a net margin of 26.84% and a return on equity of 8.89%. The business had revenue of $23.52 million during the quarter, compared to analysts’ expectations of $22.18 million.

York Water Price Performance

NASDAQ YORW traded up $0.79 during trading on Thursday, reaching $31.61. 150,251 shares of the company traded hands, compared to its average volume of 139,443. York Water has a 1-year low of $28.26 and a 1-year high of $34.30. The company has a market cap of $512.37 million, a price-to-earnings ratio of 21.50 and a beta of 0.60. The stock’s 50 day moving average price is $30.49 and its two-hundred day moving average price is $31.07. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.60 and a current ratio of 0.72.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded York Water from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Hedge Funds Weigh In On York Water

Several hedge funds and other institutional investors have recently modified their holdings of YORW. Legal & General Group Plc grew its position in York Water by 46.1% in the third quarter. Legal & General Group Plc now owns 379,692 shares of the utilities provider’s stock valued at $11,550,000 after acquiring an additional 119,809 shares during the period. State Street Corp lifted its holdings in shares of York Water by 2.2% during the fourth quarter. State Street Corp now owns 335,018 shares of the utilities provider’s stock valued at $10,742,000 after acquiring an additional 7,196 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of York Water by 204.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 194,436 shares of the utilities provider’s stock valued at $5,915,000 after purchasing an additional 130,613 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of York Water by 79.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 154,490 shares of the utilities provider’s stock worth $4,919,000 after purchasing an additional 68,429 shares during the last quarter. Finally, Two Sigma Investments LP increased its position in shares of York Water by 66.1% during the 3rd quarter. Two Sigma Investments LP now owns 131,581 shares of the utilities provider’s stock worth $4,003,000 after purchasing an additional 52,376 shares in the last quarter. Institutional investors own 49.86% of the company’s stock.

York Water Company Profile

York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.