York Water (NASDAQ:YORW) Announces Earnings Results

York Water (NASDAQ:YORW) issued its quarterly earnings results on Thursday. The utilities provider reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, Fidelity Earnings reports. York Water had a net margin of 28.21% and a return on equity of 11.06%. The business had revenue of $13.68 million for the quarter, compared to analysts’ expectations of $13.00 million.

NASDAQ YORW traded up $0.16 on Friday, reaching $41.77. 36,700 shares of the company’s stock traded hands, compared to its average volume of 23,673. York Water has a 12 month low of $29.88 and a 12 month high of $45.73. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.82. The stock has a 50-day simple moving average of $43.09 and a 200 day simple moving average of $37.67. The stock has a market cap of $553.28 million, a PE ratio of 40.16 and a beta of 0.17.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date was Friday, September 27th. York Water’s payout ratio is currently 66.35%.

YORW has been the topic of a number of recent research reports. Zacks Investment Research reiterated a “hold” rating on shares of York Water in a research report on Saturday, October 12th. BidaskClub cut shares of York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, ValuEngine cut shares of York Water from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $39.50.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

See Also: Understanding Specialty Certificates of Deposit

Earnings History for York Water (NASDAQ:YORW)

Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.