Artesian Resources (NASDAQ:ARTNA) Announces Quarterly Earnings Results

Artesian Resources (NASDAQ:ARTNA) released its quarterly earnings results on Monday. The utilities provider reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.02), Yahoo Finance reports. The company had revenue of $27.42 million during the quarter, compared to analyst estimates of $27.00 million. Artesian Resources had a return on equity of 7.57% and a net margin of 17.25%.

Artesian Resources Trading Down 4.1 %

Shares of Artesian Resources stock opened at $36.50 on Wednesday. Artesian Resources has a fifty-two week low of $33.34 and a fifty-two week high of $47.94. The business’s fifty day moving average is $36.96 and its two-hundred day moving average is $36.58. The company has a quick ratio of 1.20, a current ratio of 1.42 and a debt-to-equity ratio of 0.77. The firm has a market cap of $375.51 million, a PE ratio of 21.47 and a beta of 0.19.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Artesian Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 18th.

About Artesian Resources

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.