Energy Services of America (NASDAQ:ESOA) Announces Quarterly Earnings Results, Beats Expectations By $0.28 EPS

Energy Services of America (NASDAQ:ESOA) announced its quarterly earnings data on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.28, Zacks reports.

Energy Services of America Stock Performance

ESOA traded up $2.27 during trading on Monday, hitting $18.26. The stock had a trading volume of 109,359 shares, compared to its average volume of 159,876. The company’s 50-day moving average price is $12.96 and its 200 day moving average price is $9.90. Energy Services of America has a twelve month low of $4.11 and a twelve month high of $18.50.

Energy Services of America Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.03 dividend. This is a boost from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Friday, December 13th. Energy Services of America’s payout ratio is currently 16.39%.

Insider Buying and Selling at Energy Services of America

In other news, Director Samuel G. Kapourales sold 50,000 shares of the company’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total transaction of $505,000.00. Following the transaction, the director now directly owns 714,191 shares of the company’s stock, valued at $7,213,329.10. This represents a 6.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jack M. Reynolds sold 25,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.30, for a total transaction of $257,500.00. Following the transaction, the director now directly owns 408,385 shares in the company, valued at approximately $4,206,365.50. This trade represents a 5.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 44.68% of the stock is currently owned by corporate insiders.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.