American States Water (NYSE:AWR) Announces Earnings Results

American States Water (NYSE:AWR) released its earnings results on Wednesday. The utilities provider reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03), FiscalAI reports. The business had revenue of $192.53 million during the quarter, compared to analysts’ expectations of $195.98 million. American States Water had a return on equity of 13.39% and a net margin of 20.39%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the business earned $1.06 earnings per share.

American States Water Trading Up 1.3%

Shares of AWR stock traded up $1.15 during trading on Friday, hitting $89.98. 286,990 shares of the stock traded hands, compared to its average volume of 284,697. The firm has a market capitalization of $3.57 billion, a P/E ratio of 24.65, a price-to-earnings-growth ratio of 3.35 and a beta of 0.54. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.98 and a quick ratio of 0.90. The firm’s fifty day moving average price is $85.06 and its 200-day moving average price is $80.32. American States Water has a 52-week low of $69.50 and a 52-week high of $91.93.

American States Water Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Monday, November 16th will be issued a dividend of $0.5455 per share. The ex-dividend date is Monday, November 16th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.4%. American States Water’s dividend payout ratio (DPR) is currently 59.73%.

Insider Buying and Selling

In related news, Director Anne Holloway sold 900 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $88.86, for a total value of $79,974.00. Following the completion of the transaction, the director directly owned 38,518 shares in the company, valued at approximately $3,422,709.48. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b-)” rating on shares of American States Water in a research report on Wednesday, October 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

About American States Water

American States Water Company (NYSE:AWR) is a water and utility services company that provides regulated water and electric services, as well as contracted operations and maintenance services. The company serves residential, commercial, industrial and public-sector customers through its operating subsidiaries.

Through Golden State Water Company, American States Water supplies water to communities primarily in California. Its Bear Valley Electric Service subsidiary provides electric distribution service in the Big Bear area of San Bernardino County, California.