American States Water (NYSE:AWR) Issues Earnings Results


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American States Water (NYSE:AWR) released its quarterly earnings results on Sunday. The utilities provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.07, MarketWatch Earnings reports. American States Water had a net margin of 17.38% and a return on equity of 13.49%. The firm had revenue of $124.20 million for the quarter, compared to analyst estimates of $110.50 million. During the same period in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year.

Shares of AWR stock traded up $1.38 during trading hours on Tuesday, reaching $78.28. 4,145 shares of the company were exchanged, compared to its average volume of 154,510. American States Water has a fifty-two week low of $65.11 and a fifty-two week high of $96.64. The stock’s fifty day moving average is $80.03 and its two-hundred day moving average is $77.24. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 34.33, a P/E/G ratio of 6.96 and a beta of -0.07. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.23 and a quick ratio of 1.15.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 2nd. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.335 per share. The ex-dividend date is Friday, February 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 1.71%. American States Water’s payout ratio is 62.91%.

A hedge fund recently bought a new stake in American States Water stock. OLD Mission Capital LLC bought a new position in shares of American States Water (NYSE:AWR) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,946 shares of the utilities provider’s stock, valued at approximately $596,000. Institutional investors own 69.39% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, 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.

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Earnings History for American States Water (NYSE:AWR)

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