Aris Water Solutions (ARIS) to Post Earnings on Tuesday

Aris Water Solutions (NYSE:ARIS) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $104.13 million during the quarter, compared to analyst estimates of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Price Performance

Shares of Aris Water Solutions stock opened at $14.64 on Monday. The firm’s 50-day moving average price is $13.51 and its two-hundred day moving average price is $10.21. Aris Water Solutions has a 1-year low of $6.78 and a 1-year high of $15.31. The stock has a market capitalization of $846.05 million, a price-to-earnings ratio of 24.40 and a beta of 1.65. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.61.

Aris Water Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio (DPR) is 60.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ARIS shares. The Goldman Sachs Group boosted their target price on Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. TheStreet raised shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a research note on Wednesday, March 13th. Wells Fargo & Company boosted their price objective on shares of Aris Water Solutions from $9.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 7th. Finally, Citigroup raised their target price on shares of Aris Water Solutions from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.25.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.