American States Water (AWR) Earning Somewhat Favorable Press Coverage, Study Shows
Media headlines about American States Water (NYSE:AWR) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. American States Water earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 45.901172134243 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- American Water Unit Gets Another 50-Year Military Contract – Nasdaq (nasdaq.com)
- American States Water Company (AWR) Price Target Raised to $48.00 (americanbankingnews.com)
- American States Water Company Announces Privatization Contract Award for Fort Riley, Kansas – Business Wire (press release) (businesswire.com)
- BRIEF-American States Water Company announces privatization contract award for Fort Riley, Kansas (feeds.reuters.com)
Shares of American States Water (NYSE AWR) traded up 0.14% during trading on Thursday, reaching $51.69. 30,098 shares of the company traded hands. The stock’s 50 day moving average is $49.90 and its 200 day moving average is $47.46. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 27.90 and a beta of 0.45. American States Water has a 1-year low of $37.47 and a 1-year high of $52.22.
American States Water (NYSE:AWR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.45 by $0.17. The company had revenue of $113.20 million for the quarter, compared to analyst estimates of $119.23 million. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. On average, analysts forecast that American States Water will post $1.70 EPS for the current year.
Several equities analysts have recently issued reports on the stock. US Capital Advisors restated a “hold” rating on shares of American States Water in a report on Monday, July 17th. BidaskClub upgraded shares of American States Water from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company upped their price objective on shares of American States Water from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Tuesday. Finally, Zacks Investment Research downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. American States Water has a consensus rating of “Hold” and a consensus target price of $44.50.
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In other news, CEO Robert J. Sprowls sold 5,614 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $51.00, for a total value of $286,314.00. Following the transaction, the chief executive officer now owns 111,346 shares of the company’s stock, valued at $5,678,646. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert J. Sprowls sold 9,586 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $51.01, for a total value of $488,981.86. Following the completion of the transaction, the chief executive officer now directly owns 111,454 shares in the company, valued at approximately $5,685,268.54. The disclosure for this sale can be found here. In the last three months, insiders sold 32,005 shares of company stock worth $1,541,035. Corporate insiders own 1.49% 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 ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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