York Water (NASDAQ:YORW) Announces Earnings Results, Beats Expectations By $0.01 EPS

York Water (NASDAQ:YORW) released its quarterly earnings data on Friday. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01, Zacks reports. York Water had a net margin of 28.53% and a return on equity of 9.38%. The company had revenue of $24.33 million during the quarter, compared to the consensus estimate of $22.60 million.

York Water Trading Up 1.2%

Shares of York Water stock opened at $32.62 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.88 and a current ratio of 1.05. The company has a market capitalization of $529.42 million, a P/E ratio of 19.65 and a beta of 0.52. York Water has a 1 year low of $28.26 and a 1 year high of $34.81. The company’s fifty day moving average is $31.93 and its two-hundred day moving average is $31.42.

York Water Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.2280 per share. This represents a $0.91 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, September 30th. York Water’s dividend payout ratio (DPR) is presently 56.52%.

Insider Transactions at York Water

In other York Water news, Director David M. Velazquez bought 1,288 shares of York Water stock in a transaction dated Tuesday, October 20th. The stock was acquired at an average cost of $31.07 per share, with a total value of $40,018.16. Following the completion of the acquisition, the director owned 1,288 shares of the company’s stock, valued at approximately $40,018.16. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joseph Hand sold 8,000 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $33.28, for a total transaction of $266,240.00. Following the sale, the chief executive officer owned 35,308 shares of the company’s stock, valued at $1,175,050.24. This trade represents a 18.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders bought 1,410 shares of company stock valued at $44,024 over the last ninety days. Corporate insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on YORW shares. Weiss Ratings reiterated a “hold (c)” rating on shares of York Water in a research report on Friday, October 30th. Cantor Fitzgerald set a $31.00 target price on York Water in a research report on Monday, August 10th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.00.

About York Water

The York Water Company (NASDAQ:YORW) is a regulated water utility serving communities in south-central Pennsylvania. The company provides residential, commercial and industrial customers with treated drinking water through a network of reservoirs, treatment facilities, pipelines and distribution infrastructure.

In addition to its water operations, York Water provides wastewater collection and related services in portions of its service territory. Its operations primarily cover York County and extend into surrounding areas, including parts of Adams and Franklin counties.

Founded in 1816, York Water is recognized as one of the oldest investor-owned water utilities in the United States.