The York Water Company (YORW) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
The York Water Company (NASDAQ:YORW) announced its earnings results on Wednesday. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.18 by $0.02, American Banking News reports. The company had revenue of $10.57 million for the quarter, compared to the consensus estimate of $10.70 million.
A number of analysts have recently weighed in on YORW shares. Analysts at Zacks downgraded shares of The York Water Company from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 15th. They now have a $19.30 price target on the stock.
Shares of The York Water Company (NASDAQ:YORW) traded down 0.41% during mid-day trading on Wednesday, hitting $19.28. The stock had a trading volume of 11,057 shares. The York Water Company has a 52 week low of $18.38 and a 52 week high of $22.00. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $20.55. The company has a market cap of $250.6 million and a P/E ratio of 25.92.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.1431 per share. This represents a $0.57 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date of this dividend is Thursday, June 26th.
The York Water Company is engaged in the business of impounding, purifying to meet or exceed safe drinking water standards and distribute water.
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