American States Water (NYSE:AWR) Releases Quarterly Earnings Results

American States Water (NYSE:AWR) issued its quarterly earnings results on Wednesday. The utilities provider reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03), FiscalAI reports. American States Water had a net margin of 20.52% and a return on equity of 13.50%. The business had revenue of $192.53 million for the quarter, compared to the consensus estimate of $195.98 million. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue was up 5.4% compared to the same quarter last year.

American States Water Trading Up 0.9%

AWR traded up $0.78 on Thursday, hitting $89.39. 78,961 shares of the company were exchanged, compared to its average volume of 283,565. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.90 and a current ratio of 0.98. American States Water has a 12 month low of $69.50 and a 12 month high of $91.93. The firm has a fifty day simple moving average of $85.08 and a two-hundred day simple moving average of $80.26. The stock has a market capitalization of $3.54 billion, a PE ratio of 24.47, a price-to-earnings-growth ratio of 3.28 and a beta of 0.54.

American States Water Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Monday, November 16th will be given a dividend of $0.5455 per share. This represents a $2.18 annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, November 16th. American States Water’s dividend payout ratio (DPR) is presently 59.73%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of American States Water in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Insider Activity

In related news, Director Anne Holloway sold 900 shares of American States Water stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $88.86, for a total value of $79,974.00. Following the transaction, the director directly owned 38,518 shares of the company’s stock, valued at $3,422,709.48. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

About American States Water

American States Water Company (NYSE:AWR) is a water and utility services company that provides regulated water and electric services, as well as contracted operations and maintenance services. The company serves residential, commercial, industrial and public-sector customers through its operating subsidiaries.

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.