American States Water (NYSE:AWR) announced its quarterly earnings data on Monday. The utilities provider reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02), Bloomberg Earnings reports. American States Water had a net margin of 15.28% and a return on equity of 13.34%. The firm had revenue of $104.18 million for the quarter, compared to analyst estimates of $121.02 million. During the same quarter in the previous year, the company earned $0.30 EPS. The company’s quarterly revenue was down 2.5% compared to the same quarter last year.
Shares of American States Water (NYSE:AWR) traded up $0.32 during midday trading on Monday, reaching $54.83. The company’s stock had a trading volume of 132,001 shares, compared to its average volume of 394,361. American States Water has a 12-month low of $41.14 and a 12-month high of $60.00. The firm has a market capitalization of $2,000.00, a PE ratio of 29.96, a P/E/G ratio of 7.68 and a beta of 0.38. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.97 and a quick ratio of 0.93.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Wednesday, February 14th. American States Water’s payout ratio is currently 55.74%.
Several brokerages have issued reports on AWR. Zacks Investment Research upgraded American States Water from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Wednesday, January 3rd. Wells Fargo & Co cut American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price objective on the stock. in a research note on Monday, December 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. American States Water currently has a consensus rating of “Hold” and a consensus target price of $50.67.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).
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