American States Water (AWR) to Release Quarterly Earnings on Tuesday

American States Water (NYSE:AWR) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect American States Water to post earnings of $0.59 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

American States Water (NYSE:AWR) last posted its earnings results on Thursday, February 22nd. The utilities provider reported $0.55 EPS for the quarter, topping the consensus estimate of $0.53 by $0.02. American States Water had a return on equity of 13.54% and a net margin of 20.97%. The business had revenue of $125.20 million during the quarter, compared to the consensus estimate of $132.00 million. During the same quarter last year, the company earned $0.42 EPS. American States Water’s revenue was down .2% on a year-over-year basis. On average, analysts expect American States Water to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American States Water Stock Performance

Shares of NYSE:AWR opened at $73.53 on Monday. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 3.88 and a beta of 0.43. The business’s fifty day moving average price is $70.76 and its two-hundred day moving average price is $75.93. American States Water has a fifty-two week low of $66.03 and a fifty-two week high of $92.85. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.24 and a quick ratio of 1.13.

American States Water Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, February 16th. American States Water’s payout ratio is 51.04%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut their price target on shares of American States Water from $79.00 to $77.00 and set an “underweight” rating for the company in a report on Friday, February 23rd.

Insiders Place Their Bets

In related news, Director Thomas A. Eichelberger purchased 1,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were acquired at an average cost of $71.21 per share, with a total value of $99,694.00. Following the completion of the purchase, the director now directly owns 5,850 shares of the company’s stock, valued at $416,578.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.82% of the company’s stock.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.