American States Water (NYSE:AWR) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

American States Water (NYSE:AWR) released its quarterly earnings data on Wednesday. The utilities provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03), FiscalAI reports. American States Water had a net margin of 20.39% and a return on equity of 13.39%. The business had revenue of $192.53 million during the quarter, compared to analyst estimates of $195.98 million. During the same period last year, the business earned $1.06 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year.

American States Water Stock Up 0.4%

Shares of NYSE AWR opened at $88.96 on Friday. The company has a 50 day simple moving average of $85.06 and a 200 day simple moving average of $80.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. American States Water has a 1 year low of $69.50 and a 1 year high of $91.93. The firm has a market cap of $3.53 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 3.35 and a beta of 0.54.

American States Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be issued a $0.5455 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Monday, November 16th. American States Water’s dividend payout ratio (DPR) is 59.73%.

Insiders Place Their Bets

In other American States Water news, Director Anne Holloway sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the transaction, the director directly owned 38,518 shares in the company, valued at approximately $3,422,709.48. This represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of American States Water in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, American States Water presently has a consensus rating of “Hold”.

More American States Water News

Here are the key news stories impacting American States Water this week:

• Positive Sentiment: Rate increases, ongoing capital investment and dividend growth were highlighted as support for AWR’s longer-term prospects. Zacks Q3 earnings article
• Neutral Sentiment: Revenue rose 5.4% year over year to about $192.5 million, but was below analysts’ roughly $196 million estimate; EPS was unchanged from the year-ago quarter. Q3 results announcement
• Negative Sentiment: EPS of $1.06 missed the $1.09 consensus estimate. Higher costs and unfavorable period-over-period investment results amid volatile markets pressured results, while an analysis flagged potential dilution from ATM share issuance. Zacks earnings analysis ATM dilution analysis

About American States Water

American States Water Company (NYSE:AWR) is a water and utility services company that provides regulated water and electric services, as well as contracted operations and maintenance services. The company serves residential, commercial, industrial and public-sector customers through its operating subsidiaries.

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.