Artesian Resources (ARTNA) to Release Quarterly Earnings on Wednesday

Artesian Resources (NASDAQ:ARTNA) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, March 12th. Analysts expect Artesian Resources to post earnings of $0.36 per share and revenue of $25.00 million for the quarter.

Artesian Resources Stock Performance

Shares of ARTNA stock opened at $33.46 on Tuesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.07 and a current ratio of 1.22. The company has a market capitalization of $344.57 million, a price-to-earnings ratio of 17.16 and a beta of 0.19. Artesian Resources has a one year low of $29.45 and a one year high of $41.29. The company’s 50-day moving average is $31.21 and its 200 day moving average is $33.68.

Artesian Resources Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.3014 per share. This is a boost from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, February 7th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.60%. Artesian Resources’s dividend payout ratio is presently 61.54%.

About Artesian Resources

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.