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

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

American States Water Stock Up 2.2 %

AWR stock opened at $86.46 on Friday. The firm has a market cap of $3.24 billion, a PE ratio of 29.11, a P/E/G ratio of 4.49 and a beta of 0.49. American States Water has a 12 month low of $66.03 and a 12 month high of $87.50. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a 50 day simple moving average of $83.38 and a 200 day simple moving average of $78.71.

American States Water Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be issued 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 payout ratio is currently 62.63%.

Insiders Place Their Bets

In other 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 transaction of $40,445.00. Following the completion of the sale, the director now directly owns 38,519 shares of the company’s stock, valued at $3,115,801.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.82% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AWR. Wells Fargo & Company upgraded shares of American States Water from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $80.00 to $87.00 in a report on Wednesday, July 31st. StockNews.com upgraded American States Water from a “sell” rating to a “hold” rating in a research report on Friday.

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.