Artesian Resources (NASDAQ:ARTNA) Posts Earnings Results, Beats Estimates By $0.01 EPS

Artesian Resources (NASDAQ:ARTNA) issued its quarterly earnings data on Tuesday. The utilities provider reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01, Zacks reports. Artesian Resources had a return on equity of 8.57% and a net margin of 18.96%. The firm had revenue of $25.00 million during the quarter, compared to analyst estimates of $25.00 million.

Artesian Resources Trading Down 0.3 %

NASDAQ:ARTNA opened at $30.83 on Wednesday. The company has a market capitalization of $317.49 million, a P/E ratio of 15.81 and a beta of 0.19. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74. The firm has a fifty day simple moving average of $31.43 and a 200-day simple moving average of $33.35. Artesian Resources has a 12 month low of $29.45 and a 12 month high of $41.29.

Artesian Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a dividend of $0.3014 per share. This represents a $1.21 annualized dividend and a yield of 3.91%. The ex-dividend date was Friday, February 7th. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. Artesian Resources’s payout ratio is currently 61.54%.

Artesian Resources Company Profile

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.