American States Water (NYSE:AWR) Posts Quarterly Earnings Results

American States Water (NYSE:AWR) posted its earnings results on Wednesday. The utilities provider reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.02), FiscalAI reports. American States Water had a return on equity of 13.50% and a net margin of 20.52%. The firm had revenue of $192.53 million for the quarter, compared to analyst estimates of $195.98 million.

American States Water Stock Performance

Shares of AWR traded up $1.83 during mid-day trading on Wednesday, reaching $88.70. 287,484 shares of the company’s stock were exchanged, compared to its average volume of 284,581. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The stock has a market capitalization of $3.52 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 3.31 and a beta of 0.54. The business’s fifty day simple moving average is $85.11 and its 200-day simple moving average is $80.19. American States Water has a 52-week low of $69.50 and a 52-week high of $91.72.

American States Water Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be given 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 59.73%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Activity at American States Water

In other news, Director Anne Holloway sold 900 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the sale, the director directly owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

American States Water Company Profile

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.