Artesian Resources (NASDAQ:ARTNA) Posts Earnings Results

Artesian Resources (NASDAQ:ARTNA) issued its quarterly earnings results on Monday. The utilities provider reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01, Yahoo Finance reports. Artesian Resources had a return on equity of 7.62% and a net margin of 16.89%. The company had revenue of $24.54 million for the quarter, compared to analyst estimates of $24.00 million.

Artesian Resources Stock Up 3.2 %

NASDAQ:ARTNA opened at $38.27 on Wednesday. The company has a market capitalization of $393.80 million, a price-to-earnings ratio of 23.05 and a beta of 0.20. Artesian Resources has a one year low of $33.42 and a one year high of $55.98. The stock has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $38.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.37.

Analyst Upgrades and Downgrades

Several research firms recently commented on ARTNA. TheStreet lowered shares of Artesian Resources from a “b-” rating to a “c+” rating in a report on Monday, February 5th. StockNews.com raised shares of Artesian Resources from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th.

Artesian Resources Company Profile

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.