American States Water (NYSE:AWR) released its quarterly earnings results on Sunday. The utilities provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.07, MarketWatch Earnings reports. The company had revenue of $117.06 million during the quarter, compared to analysts’ expectations of $114.00 million. American States Water had a return on equity of 13.49% and a net margin of 17.38%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 earnings per share.
Shares of AWR stock traded up $0.78 during midday trading on Tuesday, reaching $80.06. 4,417 shares of the company were exchanged, compared to its average volume of 191,599. American States Water has a 12 month low of $69.25 and a 12 month high of $84.00. The company has a market cap of $2.96 billion, a P/E ratio of 35.39, a PEG ratio of 6.96 and a beta of -0.07. The company’s 50 day moving average price is $77.21 and its two-hundred day moving average price is $77.20. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Stockholders of record on Monday, May 17th will be given a dividend of $0.335 per share. The ex-dividend date is Friday, May 14th. This represents a $1.34 annualized dividend and a dividend yield of 1.67%. American States Water’s dividend payout ratio is presently 62.91%.
An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC bought a new position in American States Water (NYSE:AWR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. Institutional investors and hedge funds own 69.39% of the company’s stock.
Separately, Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating and set a $78.00 price target on the stock in a research note on Friday, February 26th.
American States Water Company Profile
American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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