Artesian Resources (ARTNA) Stock Price, News & Analysis

Company Overview

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. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2023, it served approximately 95,900 customers in Delaware; 2,600 customers in Maryland; and 40 customers in Pennsylvania through 1,470 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

Key Stats

• Today's Range: $31.16 to $32.09
• 50-Day Range: $31.25 to $36.38
• 52-Week Range: $31.16 to $43.36
• Volume: 187,722 shs
• Average Volume: 48,601 shs
• Market Capitalization: $329.74 million
• P/E Ratio: 16.42
• Dividend Yield: 3.75%
• Price Target: N/A
• Consensus Rating: N/A

Artesian Resources Stock Analysis - MarketRank™

Artesian Resources scored higher than 84% of companies evaluated by MarketBeat, and ranked 30th out of 91 stocks in the utilities sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Artesian Resources.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 4.17%

Earnings Growth

Earnings for Artesian Resources are expected to grow by 4.17% in the coming year, from $1.92 to $2.00 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Artesian Resources is 16.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.35.

Price to Earnings Ratio vs. Sector

The P/E ratio of Artesian Resources is 16.42, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 95.36.

Price to Book Value per Share Ratio

Artesian Resources has a P/B Ratio of 1.43. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.85% of the outstanding shares of Artesian Resources have been sold short.

Short Interest Ratio / Days to Cover

Artesian Resources has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Artesian Resources has recently decreased by 8.87%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Artesian Resources is a leading dividend payer. It pays a dividend yield of 3.62%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Artesian Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Artesian Resources is 61.54%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Artesian Resources will have a dividend payout ratio of 60.00% next year. This indicates that Artesian Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.85% of the outstanding shares of Artesian Resources have been sold short.

Short Interest Ratio / Days to Cover

Artesian Resources has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Artesian Resources has recently decreased by 8.87%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.3 / 5
• News Sentiment: N/A

News Sentiment

Artesian Resources has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Artesian Resources this week, compared to 1 article on an average week.

Search Interest

9 people have searched for ARTNA on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Artesian Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.59% of the stock of Artesian Resources is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

57.37% of the stock of Artesian Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ARTNA Stock Analysis - Frequently Asked Questions

How have ARTNA shares performed this year?

Artesian Resources' stock was trading at $41.45 at the start of the year. Since then, ARTNA shares have decreased by 22.8% and is now trading at $32.02.
View the best growth stocks for 2024 here.

How were Artesian Resources' earnings last quarter?

Artesian Resources Co. (NASDAQ:ARTNA) released its earnings results on Monday, November, 4th. The utilities provider reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.05. The utilities provider had revenue of $29.14 million for the quarter, compared to analysts' expectations of $29 million. Artesian Resources had a net margin of 18.96% and a trailing twelve-month return on equity of 8.57%.

Who are Artesian Resources' major shareholders?

Top institutional shareholders of Artesian Resources include Costello Asset Management INC (1.53%), Foundry Partners LLC (1.39%), Geode Capital Management LLC (1.07%) and Roffman Miller Associates Inc. PA (0.77%). Insiders that own company stock include Dian C Taylor, John R Eisenbrey Jr, Nicholle Renee Taylor, John M Thaeder, Kenneth R Biederman, Courtney A Emerson and Pierre A Anderson.
View institutional ownership trends.

How do I buy shares of Artesian Resources?

Shares of ARTNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 11/04/2024
• Ex-Dividend for 11/25 Dividend: 11/15/2024
• Dividend Payable: 11/25/2024
• Today: 12/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Utilities
• Industry: Water supply
• Sub-Industry: Water Utilities
• Current Symbol: NASDAQ:ARTNA
• CUSIP: 04311320
• CIK: 863110
• Web: www.artesianwater.com
• Phone: (302) 453-6900
• Fax: 302-453-6957
• Employees: 251
• Year Founded: 1905

Profitability

• EPS (Most Recent Fiscal Year): $1.95
• Trailing P/E Ratio: 16.42
• Forward P/E Ratio: 16.68
• P/E Growth: N/A
• Net Income: $16.70 million
• Net Margins: 18.96%
• Pretax Margin: 18.96%
• Return on Equity: 8.57%
• Return on Assets: 2.57%

Debt

• Debt-to-Equity Ratio: 0.74
• Current Ratio: 1.22
• Quick Ratio: 1.07

Sales & Book Value

• Annual Sales: $105.65 million
• Price / Sales: 3.12
• Cash Flow: $2.80 per share
• Price / Cash Flow: 11.45
• Book Value: $22.42 per share
• Price / Book: 1.43

Miscellaneous

• Outstanding Shares: 10,298,000
• Free Float: 8,178,000
• Market Cap: $329.74 million
• Optionable: Not Optionable
• Beta: 0.22