American States Water (NYSE:AWR) Posts Earnings Results, Misses Expectations By $0.03 EPS

American States Water (NYSE:AWR) posted its quarterly 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%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share.

American States Water Stock Performance

Shares of American States Water stock opened at $88.70 on Thursday. The company has a market capitalization of $3.52 billion, a PE ratio of 24.30, a P/E/G ratio of 3.28 and a beta of 0.54. 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 company has a 50-day simple moving average of $85.08 and a two-hundred day simple moving average of $80.26. American States Water has a one year low of $69.50 and a one year high of $91.72.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be given a $0.5455 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, November 16th. American States Water’s payout ratio is presently 59.73%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of American States Water in a research report on Wednesday, October 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Insiders Place Their Bets

In other American States Water news, Director Anne Holloway sold 900 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the sale, the director owned 38,518 shares of the company’s stock, valued at approximately $3,422,709.48. This trade represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by company insiders.

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.