Artesian Resources (NASDAQ:ARTNA) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Artesian Resources (NASDAQ:ARTNA) announced its quarterly earnings results on Monday. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01, Yahoo Finance reports. Artesian Resources had a return on equity of 7.62% and a net margin of 16.89%.

Artesian Resources Price Performance

Shares of NASDAQ ARTNA traded up $1.00 during mid-day trading on Tuesday, reaching $38.07. 6,635 shares of the company traded hands, compared to its average volume of 35,607. The firm has a market cap of $391.74 million, a PE ratio of 22.93 and a beta of 0.20. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.37 and a quick ratio of 1.10. Artesian Resources has a fifty-two week low of $33.42 and a fifty-two week high of $55.98. The stock has a fifty day simple moving average of $35.55 and a 200-day simple moving average of $38.27.

Wall Street Analysts Forecast Growth

ARTNA has been the topic of a number of analyst reports. StockNews.com raised Artesian Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 18th. TheStreet cut shares of Artesian Resources from a “b-” rating to a “c+” rating in a research report on Monday, February 5th.

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.