American States Water (NYSE:AWR) Releases Quarterly Earnings Results, Meets Expectations

American States Water (NYSE:AWR) posted its earnings results on Tuesday. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.62, Briefing.com reports. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The firm had revenue of $135.30 million during the quarter, compared to analyst estimates of $119.00 million. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was down 16.2% compared to the same quarter last year.

American States Water Price Performance

AWR opened at $76.53 on Thursday. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $92.85. The firm has a 50-day moving average of $70.96 and a 200 day moving average of $75.87. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.13 and a current ratio of 1.24. The firm has a market cap of $2.85 billion, a P/E ratio of 22.71, a PEG ratio of 3.88 and a beta of 0.43.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be given a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Friday, May 17th. American States Water’s dividend payout ratio is presently 51.04%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company reduced their price objective on shares of American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research report on Friday, February 23rd.

Insiders Place Their Bets

In related news, Director Thomas A. Eichelberger purchased 1,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the purchase, the director now directly owns 5,850 shares in the company, valued at approximately $416,578.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.82% of the company’s stock.

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.