Analysts Expect American States Water Co. (NYSE:AWR) to Post $0.57 EPS
American States Water Co. (NYSE:AWR) has earned a consensus broker rating score of 3.33 (Hold) from the six analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and five have assigned a hold recommendation to the company. American States Water’s rating score has improved by 12.4% from three months ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 12-month consensus price objective of $39.50 for the company and are forecasting that the company will post $0.57 EPS for the current quarter, according to Zacks. Zacks has also given American States Water an industry rank of 112 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on the stock. Zacks Investment Research raised shares of American States Water from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Janney Montgomery Scott raised shares of American States Water from a “sell” rating to a “neutral” rating and upped their target price for the company from $35.00 to $39.00 in a research report on Friday, August 5th. Finally, Barclays PLC decreased their target price on shares of American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 6th.
American States Water (NYSE:AWR) traded up 0.58% on Wednesday, reaching $39.94. 39,997 shares of the company traded hands. American States Water has a 1-year low of $37.28 and a 1-year high of $47.24. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 24.82 and a beta of 0.40. The stock has a 50 day moving average of $40.38 and a 200-day moving average of $40.77.
American States Water (NYSE:AWR) last posted its earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. American States Water had a net margin of 13.28% and a return on equity of 12.76%. The company had revenue of $111.95 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. American States Water’s revenue for the quarter was down 2.3% compared to the same quarter last year. On average, equities analysts anticipate that American States Water will post $1.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Monday, August 15th were paid a dividend of $0.224 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.90 dividend on an annualized basis and a yield of 2.26%. American States Water’s dividend payout ratio (DPR) is presently 56.25%.
In related news, Director Diana M. Bonta sold 980 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $39.62, for a total transaction of $38,827.60. Following the sale, the director now directly owns 23,972 shares in the company, valued at $949,770.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Holloway sold 986 shares of the company’s stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $40.01, for a total transaction of $39,449.86. Following the sale, the director now owns 41,583 shares in the company, valued at $1,663,735.83. The disclosure for this sale can be found here. Company insiders own 1.43% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock valued at $110,000 after buying an additional 1,092 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of American States Water during the second quarter valued at approximately $114,000. Advisor Group Inc. bought a new position in shares of American States Water during the second quarter valued at approximately $152,000. Envestnet Asset Management Inc. raised its position in shares of American States Water by 183.9% in the first quarter. Envestnet Asset Management Inc. now owns 4,085 shares of the company’s stock valued at $161,000 after buying an additional 2,646 shares in the last quarter. Finally, PineBridge Investments L.P. raised its position in shares of American States Water by 3.9% in the second quarter. PineBridge Investments L.P. now owns 4,636 shares of the company’s stock valued at $204,000 after buying an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 63.65% of the company’s stock.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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