Artesian Resources (NASDAQ:ARTNA – Get Free Report) posted its quarterly earnings results on Monday. The utilities provider reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05, Zacks reports. Artesian Resources had a return on equity of 7.90% and a net margin of 17.74%. The firm had revenue of $29.14 million during the quarter, compared to analysts’ expectations of $29.00 million.
Artesian Resources Price Performance
NASDAQ ARTNA traded up $0.18 during trading on Wednesday, hitting $36.26. 1,268 shares of the stock traded hands, compared to its average volume of 49,998. The company has a market capitalization of $373.33 million, a P/E ratio of 18.50 and a beta of 0.21. Artesian Resources has a 12-month low of $32.93 and a 12-month high of $44.78. The firm has a 50-day simple moving average of $36.04 and a 200-day simple moving average of $36.72. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 0.76.
Artesian Resources Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 15th will be issued a $0.301 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.32%. This is a boost from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 15th. Artesian Resources’s payout ratio is 60.51%.
Artesian Resources Company Profile
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
Recommended Stories
- Five stocks we like better than Artesian Resources
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
- Dividend Capture Strategy: What You Need to Know
- 3 Rising-Margin Stocks with Strong Growth Potential
- Earnings Per Share Calculator: How to Calculate EPS
- 3 Recession-Resistant Stocks: Low Beta, High Margins, Low Debt
Receive News & Ratings for Artesian Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources and related companies with MarketBeat.com's FREE daily email newsletter.
