American States Water (NYSE:AWR) Releases Earnings Results, Beats Expectations By $0.05 EPS

American States Water (NYSE:AWR) issued its quarterly earnings data on Wednesday. The utilities provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05, Zacks reports. American States Water had a net margin of 20.03% and a return on equity of 13.96%. The business had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $160.17 million.

American States Water Stock Up 1.0 %

NYSE AWR opened at $75.35 on Friday. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50. The stock has a market cap of $2.82 billion, a PE ratio of 23.77, a PEG ratio of 12.77 and a beta of 0.53. The firm has a 50-day simple moving average of $75.41 and a 200 day simple moving average of $80.51. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69.

American States Water Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4655 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date of this dividend is Tuesday, February 18th. American States Water’s dividend payout ratio is currently 58.68%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AWR. Wells Fargo & Company cut shares of American States Water from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $84.00 to $77.00 in a report on Tuesday, January 7th. StockNews.com cut American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Bank of America lowered American States Water from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $85.00 to $71.00 in a report on Monday, February 3rd.

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.