American States Water (NYSE:AWR) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS


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American States Water (NYSE:AWR) released its earnings results on Sunday. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07, MarketWatch Earnings reports. American States Water had a net margin of 17.38% and a return on equity of 13.49%. The business had revenue of $117.06 million during the quarter, compared to analysts’ expectations of $114.00 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis.

American States Water stock traded up $0.65 during mid-day trading on Tuesday, hitting $79.93. 4,171 shares of the company’s stock traded hands, compared to its average volume of 191,599. The firm has a 50 day simple moving average of $77.21 and a two-hundred day simple moving average of $77.20. American States Water has a fifty-two week low of $69.25 and a fifty-two week high of $84.00. The stock 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 company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.15.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 2nd. Shareholders of record on Monday, May 17th will be issued a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Friday, May 14th. American States Water’s dividend payout ratio is 62.91%.

Separately, Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating and set a $78.00 price target for the company in a report on Friday, February 26th.

A hedge fund recently bought a new stake in American States Water stock. OLD Mission Capital LLC bought a new position in shares of American States Water (NYSE:AWR) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. 69.39% of the stock is currently owned by hedge funds and other institutional investors.

About American States Water

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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Earnings History for American States Water (NYSE:AWR)

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