Artesian Resources (NASDAQ:ARTNA) Issues Quarterly Earnings Results

Artesian Resources (NASDAQ:ARTNA) posted its earnings results on Monday. The utilities provider reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02), Yahoo Finance reports. Artesian Resources had a net margin of 17.25% and a return on equity of 7.57%. The business had revenue of $27.42 million for the quarter, compared to analysts’ expectations of $27.00 million.

Artesian Resources Price Performance

NASDAQ ARTNA opened at $36.50 on Wednesday. The stock’s fifty day moving average price is $36.96 and its 200 day moving average price is $36.58. Artesian Resources has a 1 year low of $33.34 and a 1 year high of $47.94. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.42 and a quick ratio of 1.20. The company has a market cap of $375.51 million, a price-to-earnings ratio of 21.47 and a beta of 0.19.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Artesian Resources from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th.

About Artesian Resources

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.