The York Water Company (YORW) Posts Earnings Results
The York Water Company (NASDAQ:YORW) announced its quarterly earnings results on Thursday. The utilities provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.03, Bloomberg Earnings reports. The York Water had a return on equity of 10.52% and a net margin of 25.05%.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.64 annualized dividend and a dividend yield of 1.82%. The York Water’s dividend payout ratio is presently 68.82%.
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A number of brokerages have weighed in on YORW. Zacks Investment Research cut The York Water from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. BidaskClub cut The York Water from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st.
About The York Water
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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