Energy Services of America (NASDAQ:ESOA) Posts Earnings Results, Misses Estimates By $0.51 EPS

Energy Services of America (NASDAQ:ESOA) released its quarterly earnings results on Monday. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.51), Zacks reports. The firm had revenue of $76.68 million during the quarter, compared to analyst estimates of $80.00 million.

Energy Services of America Stock Performance

Shares of ESOA opened at $9.90 on Tuesday. Energy Services of America has a 12-month low of $5.70 and a 12-month high of $19.83. The company has a 50-day moving average of $9.20 and a two-hundred day moving average of $11.61.

Energy Services of America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.03 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.12 annualized dividend and a yield of 1.21%. Energy Services of America’s dividend payout ratio (DPR) is currently 65.57%.

Insider Buying and Selling at Energy Services of America

In related news, Director Mark Prince acquired 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost of $10.96 per share, for a total transaction of $230,160.00. Following the transaction, the director now directly owns 100,071 shares of the company’s stock, valued at approximately $1,096,778.16. This trade represents a 26.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 44.68% of the company’s stock.

About Energy Services of America

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.