American States Water (NYSE:AWR) is set to issue its quarterly earnings data after the market closes on Monday, August 3rd. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.
American States Water (NYSE:AWR) last announced its quarterly earnings data on Monday, May 4th. The utilities provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). The firm had revenue of $109.10 million during the quarter, compared to analysts’ expectations of $105.42 million. American States Water had a return on equity of 13.44% and a net margin of 17.78%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. On average, analysts expect American States Water to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NYSE AWR opened at $76.88 on Friday. The firm has a fifty day moving average price of $77.94 and a 200-day moving average price of $82.21. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.96 and a quick ratio of 0.91. The stock has a market cap of $2.84 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 7.04 and a beta of -0.09. American States Water has a 1 year low of $65.11 and a 1 year high of $96.64.
In related news, VP Bryan K. Switzer sold 400 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $82.00, for a total transaction of $32,800.00. Following the completion of the transaction, the vice president now owns 8,607 shares in the company, valued at $705,774. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.95% of the stock is currently owned by corporate insiders.
A number of analysts have recently issued reports on AWR shares. Seaport Global Securities started coverage on shares of American States Water in a research note on Wednesday, May 20th. They issued a “buy” rating and a $84.00 price objective for the company. UBS Group increased their price objective on shares of American States Water from $65.00 to $70.00 and gave the stock a “sell” rating in a research note on Monday, June 22nd. Finally, Wells Fargo & Co reduced their price objective on shares of American States Water from $84.00 to $76.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. American States Water presently has an average rating of “Hold” and an average target price of $81.80.
About American States Water
American States Water Company, through its subsidiaries, provides water and electric services to residential, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.
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