American States Water (NYSE:AWR) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

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 Thomson Reuters’ consensus estimate of $0.47 by $0.07, MarketWatch Earnings reports. American States Water had a return on equity of 13.49% and a net margin of 17.38%. The business had revenue of $124.20 million for the quarter, compared to analyst estimates of $110.50 million. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue was up 9.9% compared to the same quarter last year.

NYSE:AWR 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 stock has a market cap of $2.84 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 6.96 and a beta of -0.07. The business has a fifty day moving average of $80.03 and a 200-day moving average of $77.24. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.15 and a current ratio of 1.23.

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

An institutional investor recently bought a new position in American States Water stock. OLD Mission Capital LLC purchased a new stake in American States Water (NYSE:AWR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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.

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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