American States Water (NYSE:AWR) Releases Earnings Results, Beats Expectations By $0.07 EPS
American States Water (NYSE:AWR) posted its earnings results on Sunday. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.07, MarketWatch Earnings reports. American States Water had a return on equity of 13.49% and a net margin of 17.38%. The business had revenue of $117.06 million during the quarter, compared to analyst estimates of $114.00 million. During the same quarter last year, the firm earned $0.38 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.
NYSE AWR traded up $0.69 during mid-day trading on Tuesday, reaching $79.97. 189,224 shares of the company’s stock traded hands, compared to its average volume of 191,571. American States Water has a 1-year low of $69.25 and a 1-year high of $84.00. The company has a fifty day simple moving average of $77.21 and a 200-day simple moving average of $77.20. The company has a current ratio of 1.23, a quick ratio of 1.15 and a debt-to-equity ratio of 0.84. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 35.39, a P/E/G ratio of 6.96 and a beta of -0.07.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Monday, May 17th will be paid a dividend of $0.335 per share. The ex-dividend date of this dividend is Friday, May 14th. This represents a $1.34 dividend on an annualized basis and a yield of 1.68%. American States Water’s dividend payout ratio (DPR) is presently 62.91%.
An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC acquired a new stake in shares of American States Water (NYSE:AWR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. 69.39% of the stock is currently owned by institutional investors and hedge funds.
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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