Artesian Resources Corp. (ARTNA) Releases Quarterly Earnings, Misses Expectations By $0.10 EPS
Artesian Resources Corp. (NASDAQ:ARTNA) issued its quarterly earnings data on Friday. The company reported $0.22 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.10, AnalystRatings.Net reports.
Artesian Resources Corp. (NASDAQ:ARTNA) opened at 21.40 on Friday. Artesian Resources Corp. has a 52-week low of $21.03 and a 52-week high of $23.82. The stock’s 50-day moving average is $21.93 and its 200-day moving average is $22.09. The company has a market cap of $189.8 million and a price-to-earnings ratio of 22.11.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 22nd. Shareholders of record on Monday, August 11th will be given a dividend of $0.2119 per share. This represents a $0.85 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date of this dividend is Thursday, August 7th.
On the ratings front, analysts at Hilliard Lyons upgraded shares of Artesian Resources Corp. to a “buy” rating in a research note on Friday, July 18th.
Artesian Resources Corporation (NASDAQ:ARTNA) operates as a parent holding company of Artesian Water Company, Inc (Artesian Water), Artesian Water Pennsylvania, Inc (Artesian Water Pennsylvania), Artesian Water Maryland, Inc (Artesian Water Maryland), Artesian Wastewater Management, Inc (Artesian Wastewater), Artesian Wastewater Maryland, Inc These Companies are regulated public utilities, while the Company’s three non-regulated subsidiaries include Artesian Utility Development, Inc (Artesian Utility), Artesian Development Corporation (Artesian Development) and Artesian Consulting Engineers, Inc The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers throughout the states of Delaware, Maryland and Pennsylvania.
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