American States Water (NYSE:AWR) Releases Earnings Results, Misses Expectations By $0.03 EPS

American States Water (NYSE:AWR) announced its quarterly earnings data on Wednesday. The utilities provider reported $0.95 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.03), Briefing.com reports. The firm had revenue of $161.78 million for the quarter, compared to the consensus estimate of $161.00 million. American States Water had a net margin of 19.26% and a return on equity of 13.85%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share.

American States Water Price Performance

AWR traded up $1.86 during trading hours on Friday, hitting $86.44. The company’s stock had a trading volume of 22,531 shares, compared to its average volume of 216,888. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 28.50, a P/E/G ratio of 4.49 and a beta of 0.49. The business’s 50-day moving average price is $83.28 and its 200-day moving average price is $78.59. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.4655 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.15%. American States Water’s dividend payout ratio is currently 62.63%.

Insider Activity

In related news, Director Anne M. Holloway sold 500 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $80.89, for a total value of $40,445.00. Following the completion of the sale, the director now directly owns 38,519 shares in the company, valued at $3,115,801.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.82% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on AWR shares. Wells Fargo & Company upgraded American States Water from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $80.00 to $87.00 in a research report on Wednesday, July 31st. StockNews.com downgraded American States Water from a “hold” rating to a “sell” rating in a research note on Wednesday, September 25th.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, 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.