American States Water (AWR) to Release Earnings on Tuesday

American States Water (NYSE:AWR) is scheduled to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect American States Water to post earnings of $0.59 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

American States Water (NYSE:AWR) last posted its quarterly earnings results on Thursday, February 22nd. The utilities provider reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. American States Water had a net margin of 20.97% and a return on equity of 13.54%. The company had revenue of $125.20 million during the quarter, compared to analyst estimates of $132.00 million. During the same quarter in the prior year, the business earned $0.42 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect American States Water to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American States Water Stock Performance

NYSE AWR opened at $73.53 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.13 and a current ratio of 1.24. The company has a market capitalization of $2.74 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 3.88 and a beta of 0.43. American States Water has a 52-week low of $66.03 and a 52-week high of $92.85. The company has a 50-day simple moving average of $70.76 and a 200 day simple moving average of $75.93.

American States Water Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.43 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $1.72 annualized dividend and a dividend yield of 2.34%. American States Water’s payout ratio is currently 51.04%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective on American States Water from $79.00 to $77.00 and set an “underweight” rating on the stock in a research note on Friday, February 23rd.

Insider Activity at American States Water

In other American States Water news, Director Thomas A. Eichelberger bought 1,400 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was purchased at an average price of $71.21 per share, for a total transaction of $99,694.00. Following the completion of the transaction, the director now directly owns 5,850 shares of the company’s stock, valued at $416,578.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.82% of the stock is currently owned by company insiders.

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.