American States Water Lowered to Hold at Brean Capital (AWR)
American States Water (NYSE:AWR) was downgraded by investment analysts at Brean Capital from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.
Shares of American States Water (NYSE:AWR) traded down 0.91% during mid-day trading on Tuesday, hitting $28.22. The stock had a trading volume of 200,460 shares. American States Water has a one year low of $20.32 and a one year high of $33.085. The stock’s 50-day moving average is $26.83 and its 200-day moving average is $27.84. The company has a market cap of $1.092 billion and a price-to-earnings ratio of 18.76.
American States Water (NYSE:AWR) last announced its earnings results on Thursday, August 8th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.84 by $0.01. The company had revenue of $120.70 million for the quarter, compared to the consensus estimate of $119.75 million. During the same quarter last year, the company posted $0.79 earnings per share. American States Water’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that American States Water will post $1.43 earnings per share for the current fiscal year.
American States Water Company (NYSE:AWR), is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS)).