American States Water (NYSE:AWR) Issues Earnings Results, Misses Estimates By $0.02 EPS

American States Water (NYSE:AWR) posted its quarterly earnings results on Wednesday. The utilities provider reported $1.06 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.02), FiscalAI reports. American States Water had a return on equity of 13.50% and a net margin of 20.52%. The firm had revenue of $192.53 million for the quarter, compared to analyst estimates of $195.98 million.

American States Water Stock Up 2.1%

Shares of NYSE AWR traded up $1.83 during midday trading on Wednesday, hitting $88.70. 287,484 shares of the company’s stock were exchanged, compared to its average volume of 284,581. 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 twelve month low of $69.50 and a twelve month high of $91.72. The company has a market cap of $3.52 billion, a PE ratio of 24.30, a P/E/G ratio of 3.31 and a beta of 0.54. The firm’s fifty day simple moving average is $85.11 and its 200-day simple moving average is $80.19.

American States Water Announces Dividend

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American States Water in a research report on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, American States Water has a consensus rating of “Hold”.

Insiders Place Their Bets

In related news, Director Anne Holloway sold 900 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was 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 of the company’s stock, valued at $3,422,709.48. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is currently owned by insiders.

American States Water Company Profile

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.