York Water (YORW) Issues Quarterly Earnings Results

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York Water (NASDAQ:YORW) announced its quarterly earnings results on Tuesday. The utilities provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03, MarketWatch Earnings reports. The business had revenue of $12.07 million during the quarter, compared to analysts’ expectations of $13.61 million. York Water had a net margin of 27.61% and a return on equity of 10.94%.

NASDAQ:YORW opened at $34.26 on Thursday. York Water has a 12 month low of $28.95 and a 12 month high of $36.50. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.43 and a quick ratio of 0.38. The stock has a market capitalization of $455.97 million, a PE ratio of 32.94 and a beta of 0.27.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, February 28th will be given a $0.1733 dividend. This represents a $0.69 annualized dividend and a dividend yield of 2.02%. This is a boost from York Water’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, February 27th. York Water’s dividend payout ratio (DPR) is currently 66.35%.

Several brokerages have weighed in on YORW. Janney Montgomery Scott cut shares of York Water from a “buy” rating to a “neutral” rating and increased their price target for the company from $35.00 to $36.00 in a research report on Wednesday. They noted that the move was a valuation call. Boenning Scattergood cut shares of York Water from an “outperform” rating to a “neutral” rating in a research report on Tuesday. They noted that the move was a valuation call. BidaskClub cut shares of York Water from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 6th. Finally, Zacks Investment Research raised shares of York Water from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. York Water presently has an average rating of “Hold” and a consensus target price of $36.00.

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About York Water

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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Earnings History for York Water (NASDAQ:YORW)

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