Artesian Resources (ARTNA) Expected to Release Earnings on Thursday

Artesian Resources (NASDAQ:ARTNA) is expected to release its results after the market closes on Thursday, October 29th. Analysts expect the company to post earnings of $0.67 per share and revenue of $32.20 million for the quarter.

Artesian Resources (NASDAQ:ARTNA) last posted its quarterly earnings results on Friday, August 7th. The utilities provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.59 by $0.05. The firm had revenue of $30.66 million during the quarter, compared to analyst estimates of $29.80 million.

Artesian Resources Trading Up 0.1%

Shares of ARTNA stock opened at $34.04 on Wednesday. Artesian Resources has a 12 month low of $30.50 and a 12 month high of $36.98. The stock has a 50 day moving average of $34.51 and a two-hundred day moving average of $33.39.

Artesian Resources Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 17th were given a dividend of $0.3199 per share. The ex-dividend date was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.8%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Artesian Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, September 3rd. Two analysts have rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

About Artesian Resources

Artesian Resources Corporation (NASDAQ: ARTNA) is a regulated water utility holding company headquartered in Newark, Delaware. Through its subsidiaries, the company provides water and wastewater services to residential, commercial, industrial, municipal and governmental customers.

Artesian’s principal operating subsidiary, Artesian Water Company, serves customers in Delaware. Related subsidiaries provide regulated water service in Maryland and Pennsylvania, while other operations support wastewater services, water treatment and contract operations.