American States Water (NYSE:AWR) Issues Earnings Results, Beats Estimates By $0.07 EPS

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

NYSE:AWR opened at $76.90 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.23 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $80.03 and its two-hundred day moving average price is $77.24. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 6.96 and a beta of -0.07. American States Water has a 12-month low of $65.11 and a 12-month high of $96.64.

The company 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 $0.335 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Friday, February 12th. American States Water’s dividend payout ratio (DPR) is presently 62.91%.

An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC acquired a new stake in American States Water (NYSE:AWR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. 69.39% of the stock is owned by institutional investors and hedge funds.

American States Water Company Profile

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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