American States Water (NYSE:AWR) Announces Earnings Results

American States Water (NYSE:AWR) posted its quarterly earnings results on Sunday. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.07, MarketWatch Earnings reports. American States Water had a net margin of 17.38% and a return on equity of 13.49%. The company had revenue of $124.20 million for the quarter, compared to analyst estimates of $110.50 million. During the same quarter in the previous year, the firm posted $0.45 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year.

AWR stock opened at $76.90 on Tuesday. American States Water has a 1-year low of $65.11 and a 1-year high of $96.64. The company has a market capitalization of $2.84 billion, a P/E ratio of 34.33, a PEG ratio of 6.96 and a beta of -0.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average price of $80.03 and a 200 day moving average price of $77.24.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.335 per share. This represents a $1.34 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, February 12th. American States Water’s payout ratio is currently 62.91%.

A hedge fund recently bought a new stake in American States Water stock. OLD Mission Capital LLC bought a new stake in American States Water (NYSE:AWR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. 69.39% of the stock is currently owned by institutional investors.

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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Earnings History for American States Water (NYSE:AWR)

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