American States Water (NYSE:AWR - Get Free Report) posted its quarterly earnings results on Wednesday. The utilities provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05, Zacks reports. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $160.17 million. American States Water had a return on equity of 13.96% and a net margin of 20.03%.
American States Water Price Performance
NYSE AWR traded up $0.18 during trading hours on Friday, hitting $75.47. The company had a trading volume of 275,265 shares, compared to its average volume of 197,478. American States Water has a 52 week low of $66.03 and a 52 week high of $87.50. The firm has a 50 day simple moving average of $75.25 and a 200 day simple moving average of $80.47. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.64 and a current ratio of 0.69. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 12.77 and a beta of 0.53.
American States Water Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Tuesday, February 18th will be paid a $0.4655 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.86 annualized dividend and a yield of 2.47%. American States Water's dividend payout ratio is currently 58.68%.
Analysts Set New Price Targets
Several research firms have recently weighed in on AWR. StockNews.com downgraded American States Water from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Bank of America downgraded American States Water from a "neutral" rating to an "underperform" rating and cut their target price for the stock from $85.00 to $71.00 in a research note on Monday, February 3rd. Finally, Wells Fargo & Company downgraded American States Water from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $84.00 to $77.00 in a research note on Tuesday, January 7th.
Get Our Latest Analysis on American States Water
About American States Water
(
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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.
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