American States Water Company (AWR) to Release Quarterly Earnings on Tuesday
American States Water Company (NYSE:AWR) will be issuing its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
American States Water (NYSE:AWR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.17. American States Water had a return on equity of 13.70% and a net margin of 15.44%. The business had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $119.23 million. During the same quarter in the previous year, the business earned $0.45 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts expect American States Water to post $1.71 EPS for the current fiscal year and $1.78 EPS for the next fiscal year.
Shares of American States Water Company (AWR) opened at 55.10 on Tuesday. American States Water Company has a one year low of $38.08 and a one year high of $56.31. The stock has a market cap of $2.02 billion, a PE ratio of 29.74 and a beta of 0.45. The stock’s 50 day moving average price is $51.59 and its 200-day moving average price is $48.40.
In other news, Director Lloyd E. Ross sold 600 shares of the stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $51.72, for a total transaction of $31,032.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Robert J. Sprowls sold 5,614 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $51.00, for a total value of $286,314.00. Following the transaction, the chief executive officer now directly owns 111,346 shares in the company, valued at approximately $5,678,646. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,605 shares of company stock worth $1,572,067. 1.49% of the stock is currently owned by insiders.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised American States Water from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a research note on Monday. Wells Fargo & Company raised their price target on American States Water from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 3rd. BidaskClub raised American States Water from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Finally, US Capital Advisors reaffirmed a “hold” rating on shares of American States Water in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $51.00.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as 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).
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