York Water (YORW) Issues Quarterly Earnings Results

Share on StockTwits

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.

TRADEMARK VIOLATION NOTICE: “York Water (YORW) Issues Quarterly Earnings Results” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4220221/york-water-yorw-issues-quarterly-earnings-results.html.

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.

Featured Article: Debt-To-Equity Ratio

Earnings History for York Water (NASDAQ:YORW)

Receive News & Ratings for York Water Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for York Water and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

eBoost Market Capitalization Achieves $356,833.00
eBoost Market Capitalization Achieves $356,833.00
Molecular Future  Price Up 6% This Week
Molecular Future Price Up 6% This Week
Woori Financial Group Inc  Receives Consensus Recommendation of “Strong Buy” from Brokerages
Woori Financial Group Inc Receives Consensus Recommendation of “Strong Buy” from Brokerages
Granite Construction Inc.  Expected to Post Quarterly Sales of $651.53 Million
Granite Construction Inc. Expected to Post Quarterly Sales of $651.53 Million
Zacks: Vector Group Ltd  Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Vector Group Ltd Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Analysts Anticipate Masimo Co.  Will Announce Earnings of $0.75 Per Share
Zacks: Analysts Anticipate Masimo Co. Will Announce Earnings of $0.75 Per Share


© 2006-2019 Ticker Report