York Water (NASDAQ:YORW) Releases Earnings Results, Misses Expectations By $0.10 EPS

York Water (NASDAQ:YORW) issued its quarterly earnings results on Friday. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.10), Zacks reports. The business had revenue of $18.75 million for the quarter, compared to the consensus estimate of $19.00 million. York Water had a net margin of 33.35% and a return on equity of 11.18%.

York Water Price Performance

Shares of YORW traded down $2.33 during trading hours on Monday, reaching $38.75. 79,099 shares of the company’s stock traded hands, compared to its average volume of 59,327. The firm’s 50 day simple moving average is $37.94 and its 200-day simple moving average is $36.66. The stock has a market cap of $555.87 million, a PE ratio of 22.98 and a beta of 0.63. York Water has a 12 month low of $33.32 and a 12 month high of $42.49. The company has a current ratio of 0.98, a quick ratio of 0.80 and a debt-to-equity ratio of 0.85.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.