American States Water (NYSE:AWR – Get Free Report) issued its earnings results on Wednesday. The utilities provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03), FiscalAI reports. The company had revenue of $192.53 million during the quarter, compared to the consensus estimate of $195.98 million. American States Water had a return on equity of 13.50% and a net margin of 20.52%. American States Water’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 earnings per share.
American States Water Stock Up 2.1%
American States Water stock traded up $1.83 during mid-day trading on Wednesday, reaching $88.70. 287,484 shares of the company were exchanged, compared to its average volume of 221,650. The business has a fifty day moving average of $85.08 and a 200 day moving average of $80.26. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 0.98. The firm has a market cap of $3.52 billion, a P/E ratio of 24.30, a PEG ratio of 3.28 and a beta of 0.54. American States Water has a 12-month low of $69.50 and a 12-month high of $91.72.
American States Water Dividend Announcement
The firm 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 dividend of $0.5455 per share. The ex-dividend date 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 (DPR) is currently 59.73%.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of American States Water in a report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
View Our Latest Analysis on AWR
Insider Transactions at American States Water
In other news, Director Anne Holloway sold 900 shares of American States Water stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the transaction, the director directly owned 38,518 shares in the company, valued at approximately $3,422,709.48. This trade represents a 2.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.
About American States Water
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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