York Water (NASDAQ:YORW – Get Free Report) released its earnings results on Tuesday. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02, Zacks reports. The company had revenue of $20.07 million for the quarter, compared to analysts’ expectations of $20.29 million. York Water had a return on equity of 8.49% and a net margin of 25.89%.
York Water Price Performance
Shares of YORW stock traded up $0.31 during trading hours on Tuesday, reaching $29.45. 42,201 shares of the company were exchanged, compared to its average volume of 132,983. The stock’s fifty day moving average is $31.20 and its two-hundred day moving average is $32.06. York Water has a fifty-two week low of $28.26 and a fifty-two week high of $35.26. The company has a market cap of $477.15 million, a price-to-earnings ratio of 21.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.55.
Insider Buying and Selling at York Water
In related news, CEO Joseph Thomas Hand purchased 1,052 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average cost of $28.50 per share, with a total value of $29,982.00. Following the transaction, the chief executive officer owned 41,332 shares of the company’s stock, valued at $1,177,962. This represents a 2.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 1,556 shares of company stock valued at $44,590. Corporate insiders own 0.50% of the company’s stock.
Institutional Trading of York Water
Analyst Ratings Changes
Separately, Wall Street Zen upgraded York Water from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
Check Out Our Latest Research Report on YORW
York Water Company Profile
York Water Company (NASDAQ: YORW) is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company’s principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.
York Water Company’s service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.
Further Reading
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