York Water (NASDAQ:YORW – Get Free Report) issued its earnings results on Friday. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01, Zacks reports. The firm had revenue of $24.33 million during the quarter, compared to the consensus estimate of $22.60 million. York Water had a net margin of 28.53% and a return on equity of 9.38%.
York Water Price Performance
NASDAQ YORW opened at $32.62 on Friday. The stock has a market cap of $529.42 million, a price-to-earnings ratio of 20.26 and a beta of 0.52. The business has a 50 day simple moving average of $31.93 and a 200 day simple moving average of $31.42. York Water has a 52-week low of $28.26 and a 52-week high of $34.81. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05.
York Water Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.2280 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.91 annualized dividend and a yield of 2.8%. York Water’s dividend payout ratio is 56.52%.
Insider Buying and Selling at York Water
In other news, Director David M. Velazquez purchased 1,288 shares of the business’s stock in a transaction dated Tuesday, October 20th. The stock was bought at an average price of $31.07 per share, for a total transaction of $40,018.16. Following the purchase, the director owned 1,288 shares of the company’s stock, valued at $40,018.16. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph Hand sold 8,000 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $33.28, for a total value of $266,240.00. Following the completion of the transaction, the chief executive officer directly owned 35,308 shares in the company, valued at approximately $1,175,050.24. This represents a 18.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders purchased 1,410 shares of company stock valued at $44,024. 0.50% of the stock is currently owned by insiders.
Analysts Set New Price Targets
YORW has been the subject of a number of research reports. Cantor Fitzgerald set a $31.00 target price on shares of York Water in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of York Water in a research note on Friday, October 30th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $31.00.
View Our Latest Analysis on YORW
About York Water
The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.
In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.
Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.
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