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

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

American States Water Price Performance

American States Water stock opened at $76.59 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.13. The company has a market capitalization of $2.85 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 3.88 and a beta of 0.43. American States Water has a one year low of $66.03 and a one year high of $92.85. The business has a 50 day simple moving average of $70.96 and a 200 day simple moving average of $75.87.

American States Water Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, May 20th will be issued 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 of this dividend is Friday, May 17th. American States Water’s payout ratio is presently 51.04%.

Insider Buying and Selling

In related news, Director Thomas A. Eichelberger bought 1,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was acquired at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the transaction, the director now directly owns 5,850 shares of the company’s stock, valued at $416,578.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.82% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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.