American States Water (NYSE:AWR) Issues Earnings Results, Meets Estimates

American States Water (NYSE:AWR) posted its quarterly earnings results on Tuesday. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62, Briefing.com reports. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The business had revenue of $135.30 million during the quarter, compared to analyst estimates of $119.00 million. During the same period in the prior year, the business posted $0.54 earnings per share. The company’s revenue was down 16.2% on a year-over-year basis.

American States Water Stock Performance

American States Water stock opened at $73.78 on Wednesday. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $92.85. The stock’s 50 day simple moving average is $70.85 and its two-hundred day simple moving average is $75.87. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.13 and a current ratio of 1.24. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 3.88 and a beta of 0.43.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, May 20th will be paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.33%. American States Water’s payout ratio is currently 51.04%.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price objective on American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a research note on Friday, February 23rd.

Insider Transactions at American States Water

In other news, Director Thomas A. Eichelberger purchased 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the transaction, the director now directly owns 5,850 shares of the company’s stock, valued at approximately $416,578.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

About American States Water

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.