American States Water Company (NYSE:AWR) – Research analysts at Gabelli issued their FY2020 earnings per share estimates for American States Water in a report released on Monday, Zacks Investment Research reports. Gabelli analyst T. Winter anticipates that the utilities provider will post earnings of $2.00 per share for the year. Gabelli also issued estimates for American States Water’s FY2021 earnings at $2.10 EPS.
American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $124.40 million during the quarter, compared to analyst estimates of $145.78 million. American States Water had a net margin of 15.28% and a return on equity of 13.34%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share. TRADEMARK VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/11/12/fy2020-earnings-forecast-for-american-states-water-company-awr-issued-by-gabelli.html.
AWR has been the topic of a number of other research reports. BidaskClub downgraded American States Water from a “buy” rating to a “hold” rating in a research report on Sunday, July 16th. Wells Fargo & Company boosted their price objective on American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Tuesday, October 3rd. US Capital Advisors reiterated a “hold” rating on shares of American States Water in a report on Monday, July 17th. Finally, Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.
Shares of American States Water (AWR) opened at $52.94 on Wednesday. American States Water has a 12 month low of $39.50 and a 12 month high of $56.31. The stock has a market capitalization of $1,941.79, a P/E ratio of 28.93, a PEG ratio of 6.17 and a beta of 0.46. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 1.03.
Several institutional investors and hedge funds have recently modified their holdings of AWR. BlackRock Inc. grew its stake in American States Water by 9,491.3% in the first quarter. BlackRock Inc. now owns 4,590,223 shares of the utilities provider’s stock worth $203,346,000 after purchasing an additional 4,542,365 shares in the last quarter. Vanguard Group Inc. raised its holdings in American States Water by 2.0% during the second quarter. Vanguard Group Inc. now owns 3,768,089 shares of the utilities provider’s stock worth $178,644,000 after purchasing an additional 74,002 shares in the last quarter. Pictet Asset Management Ltd. raised its holdings in American States Water by 3.4% during the second quarter. Pictet Asset Management Ltd. now owns 1,736,800 shares of the utilities provider’s stock worth $79,528,000 after purchasing an additional 57,074 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in American States Water by 2.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,349,948 shares of the utilities provider’s stock worth $64,001,000 after purchasing an additional 30,991 shares in the last quarter. Finally, State Street Corp raised its holdings in American States Water by 4.2% during the second quarter. State Street Corp now owns 990,335 shares of the utilities provider’s stock worth $46,948,000 after purchasing an additional 39,563 shares in the last quarter. 63.73% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Anne M. Holloway sold 5,450 shares of the company’s stock in a transaction that occurred on Monday, September 4th. The stock was sold at an average price of $36.95, for a total value of $201,377.50. Following the sale, the director now owns 48,963 shares in the company, valued at approximately $1,809,182.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Anderson sold 1,750 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $49.10, for a total value of $85,925.00. Following the sale, the director now owns 37,046 shares in the company, valued at approximately $1,818,958.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,473 shares of company stock valued at $703,859. 1.49% of the stock is owned by company insiders.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Wednesday, November 15th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Tuesday, November 14th. American States Water’s dividend payout ratio is presently 55.74%.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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