News headlines about Artesian Resources Corporation (NASDAQ:ARTNA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Artesian Resources Corporation earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.8479747552757 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Artesian Resources Corporation (ARTNA) traded down $0.93 during trading hours on Friday, reaching $37.96. The company’s stock had a trading volume of 13,600 shares, compared to its average volume of 22,694. The firm has a market cap of $348.93, a PE ratio of 26.92 and a beta of 0.09. The company has a current ratio of 0.71, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. Artesian Resources Corporation has a 52-week low of $27.93 and a 52-week high of $43.22.
Artesian Resources Corporation (NASDAQ:ARTNA) last announced its earnings results on Thursday, November 2nd. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $22.36 million for the quarter. Artesian Resources Corporation had a net margin of 15.96% and a return on equity of 9.18%. equities analysts anticipate that Artesian Resources Corporation will post 1.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a dividend of $0.2352 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, November 10th. This is a positive change from Artesian Resources Corporation’s previous quarterly dividend of $0.23. Artesian Resources Corporation’s dividend payout ratio is currently 65.96%.
A number of equities research analysts have commented on the company. BidaskClub upgraded Artesian Resources Corporation from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Zacks Investment Research upgraded Artesian Resources Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th.
About Artesian Resources Corporation
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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