Artesian Resources (NASDAQ:ARTNA - Get Free Report) posted its earnings results on Tuesday. The utilities provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01, Zacks reports. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. The firm had revenue of $25.00 million for the quarter, compared to the consensus estimate of $25.00 million.
Artesian Resources Stock Performance
ARTNA traded up $0.74 during trading on Friday, hitting $32.67. 69,154 shares of the stock were exchanged, compared to its average volume of 49,689. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.74. Artesian Resources has a 1-year low of $29.45 and a 1-year high of $41.29. The stock has a fifty day moving average price of $31.50 and a two-hundred day moving average price of $33.25. The firm has a market capitalization of $336.44 million, a P/E ratio of 16.75 and a beta of 0.19.
Artesian Resources Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a $0.3014 dividend. The ex-dividend date was Friday, February 7th. This is a boost from Artesian Resources's previous quarterly dividend of $0.30. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.69%. Artesian Resources's dividend payout ratio is 60.61%.
Artesian Resources Company Profile
(
Get Free Report)
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
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