American States Water (NYSE:AWR) Announces Earnings Results, Misses Estimates By $0.03 EPS

by · The Cerbat Gem

American States Water (NYSE:AWR – Get Free Report) released its earnings results on Wednesday. The utilities provider reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03), FiscalAI reports. The company had revenue of $192.53 million for the quarter, compared to analysts’ expectations of $195.98 million. American States Water had a net margin of 20.52% and a return on equity of 13.50%. American States Water’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 earnings per share.

American States Water Price Performance

Shares of AWR stock traded up $1.83 on Wednesday, hitting $88.70. 287,484 shares of the stock traded hands, compared to its average volume of 284,581. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 3.31 and a beta of 0.54. American States Water has a 52 week low of $69.50 and a 52 week high of $91.72. The firm has a 50 day simple moving average of $85.11 and a two-hundred day simple moving average of $80.19. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be paid a $0.5455 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.5%. American States Water’s dividend payout ratio is 59.73%.

Insider Buying and Selling at American States Water

In related news, Director Anne Holloway sold 900 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the transaction, the director owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. This represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of American States Water in a research report on Wednesday, October 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, American States Water has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on AWR

American States Water Company Profile

(Get Free Report)

American States Water Company (NYSE:AWR) is a water and utility services company that provides regulated water and electric services, as well as contracted operations and maintenance services. The company serves residential, commercial, industrial and public-sector customers through its operating subsidiaries.

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.

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