Artesian Resources Corp. Rating Lowered to Underperform at Hilliard Lyons (ARTNA)
Artesian Resources Corp. (NASDAQ:ARTNA) was downgraded by equities research analysts at Hilliard Lyons from a “buy” rating to an “underperform” rating in a research note issued to investors on Friday.
Artesian Resources Corp. (NASDAQ:ARTNA) opened at 21.39 on Friday. Artesian Resources Corp. has a 1-year low of $21.03 and a 1-year high of $23.82. The stock’s 50-day moving average is $21. and its 200-day moving average is $22.08. The company has a market cap of $189.7 million and a price-to-earnings ratio of 21.84.
Artesian Resources Corp. (NASDAQ:ARTNA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.22 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.32 by $0.10. On average, analysts predict that Artesian Resources Corp. will post $1.16 earnings per share for the current fiscal year.
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 3.97%. The ex-dividend date of this dividend is Thursday, August 7th.
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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