Aris Water Solutions (ARIS) Scheduled to Post Quarterly Earnings on Tuesday

Aris Water Solutions (NYSE:ARIS) will be issuing its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The firm had revenue of $104.13 million for the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%. On average, analysts expect Aris Water Solutions to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Aris Water Solutions Price Performance

NYSE:ARIS opened at $14.64 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50-day moving average of $13.51 and a 200-day moving average of $10.21. Aris Water Solutions has a 52 week low of $6.78 and a 52 week high of $15.31. The company has a market capitalization of $846.05 million, a price-to-earnings ratio of 24.40 and a beta of 1.65.

Aris Water Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend was Wednesday, March 6th. Aris Water Solutions’s dividend payout ratio (DPR) is 60.00%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, March 7th. TheStreet raised Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, Citigroup upped their price target on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Aris Water Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.25.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.