American States Water (NYSE:AWR) Releases Earnings Results


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American States Water (NYSE:AWR) issued its earnings results on Sunday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.07, MarketWatch Earnings reports. The company had revenue of $124.20 million during the quarter, compared to analyst estimates of $110.50 million. American States Water had a net margin of 17.38% and a return on equity of 13.49%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS.

Shares of NYSE:AWR traded up $1.38 during trading on Tuesday, reaching $78.28. 4,145 shares of the company traded hands, compared to its average volume of 154,510. The firm has a fifty day simple moving average of $80.03 and a 200 day simple moving average of $77.24. The firm has a market cap of $2.89 billion, a P/E ratio of 34.33, a price-to-earnings-growth ratio of 6.96 and a beta of -0.07. American States Water has a 1-year low of $65.11 and a 1-year high of $96.64. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Shareholders of record on Tuesday, February 16th will be paid a dividend of $0.335 per share. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date is Friday, February 12th. American States Water’s dividend payout ratio (DPR) is currently 62.91%.

A hedge fund recently bought a new stake in American States Water stock. OLD Mission Capital LLC purchased a new stake in shares of American States Water (NYSE:AWR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. Institutional investors own 69.39% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.

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Earnings History for American States Water (NYSE:AWR)

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