York Water Co (YORW) Given Consensus Rating of “Strong Buy” by Brokerages
York Water Co (NASDAQ:YORW) has earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus target price of $35.00 for the company and are anticipating that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also given York Water an industry rank of 58 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of York Water from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. BidaskClub raised shares of York Water from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 12th. ValuEngine raised shares of York Water from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of York Water in a research note on Thursday, October 11th.
York Water stock opened at $31.58 on Friday. The firm has a market cap of $403.86 million, a P/E ratio of 31.27 and a beta of 0.24. The company has a current ratio of 0.43, a quick ratio of 0.38 and a debt-to-equity ratio of 0.64. York Water has a 52-week low of $27.45 and a 52-week high of $36.10.
York Water (NASDAQ:YORW) last released its quarterly earnings results on Friday, November 2nd. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. The company had revenue of $12.70 million for the quarter, compared to the consensus estimate of $12.44 million. York Water had a net margin of 27.15% and a return on equity of 10.88%. On average, equities research analysts predict that York Water will post 1 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a $0.173 dividend. The ex-dividend date is Friday, December 28th. This represents a $0.69 annualized dividend and a dividend yield of 2.19%. This is an increase from York Water’s previous quarterly dividend of $0.17. York Water’s dividend payout ratio is currently 68.32%.
About York Water
The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.
Featured Story: What is the S&P 500 Index?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.