American States Water Company (NYSE:AWR) released its quarterly earnings results on Monday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01), Bloomberg Earnings reports. The company 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 quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS.
American States Water (NYSE AWR) opened at $56.31 on Wednesday. The firm has a market cap of $2,023.22, a PE ratio of 30.14, a PEG ratio of 6.43 and a beta of 0.46. American States Water has a 1 year low of $41.14 and a 1 year high of $56.66. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Wednesday, November 15th will be given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Tuesday, November 14th. American States Water’s payout ratio is presently 55.74%.
In other American States Water news, Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Anne M. Holloway sold 5,450 shares of the firm’s stock in a transaction that occurred on Monday, September 4th. The shares were sold at an average price of $36.95, for a total transaction of $201,377.50. Following the completion of the sale, the director now owns 48,963 shares in the company, valued at $1,809,182.85. The disclosure for this sale can be found here. Insiders sold 11,800 shares of company stock worth $527,340 over the last three months. Insiders own 1.49% of the company’s stock.
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AWR has been the subject of several recent research reports. BidaskClub upgraded shares of American States Water from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Wells Fargo & Company increased their target price on shares of American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Tuesday, October 3rd. Finally, Zacks Investment Research raised shares of American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target on the stock in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.
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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