Q2 2024 EPS Estimates for Aris Water Solutions, Inc. Raised by US Capital Advisors (NYSE:ARIS)

Aris Water Solutions, Inc. (NYSE:ARIS) – Equities research analysts at US Capital Advisors boosted their Q2 2024 EPS estimates for Aris Water Solutions in a research note issued on Monday, April 29th. US Capital Advisors analyst J. Carreker now expects that the company will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.27. The consensus estimate for Aris Water Solutions’ current full-year earnings is $0.96 per share. US Capital Advisors also issued estimates for Aris Water Solutions’ Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.34 EPS.

Aris Water Solutions (NYSE:ARIS) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). The business had revenue of $104.13 million during the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a net margin of 4.82% and a return on equity of 4.06%.

ARIS has been the subject of several other research reports. Wells Fargo & Company increased their target price on shares of Aris Water Solutions from $9.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Citigroup raised their price objective on shares of Aris Water Solutions from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, March 4th. TheStreet upgraded shares of Aris Water Solutions from a “d+” rating to a “c-” rating in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group raised their price objective on shares of Aris Water Solutions from $14.50 to $16.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

Aris Water Solutions Stock Performance

Shares of ARIS stock opened at $13.75 on Wednesday. The firm has a 50-day moving average of $13.23 and a 200-day moving average of $10.11. The company has a market cap of $794.68 million, a P/E ratio of 22.92 and a beta of 1.68. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.12 and a quick ratio of 1.12. Aris Water Solutions has a one year low of $6.78 and a one year high of $15.31.

Hedge Funds Weigh In On Aris Water Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ARIS. Tower Research Capital LLC TRC boosted its position in shares of Aris Water Solutions by 221.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,536 shares of the company’s stock valued at $55,000 after acquiring an additional 4,503 shares during the period. Oxford Asset Management LLP purchased a new position in Aris Water Solutions during the fourth quarter valued at approximately $86,000. SG Americas Securities LLC purchased a new position in Aris Water Solutions during the third quarter valued at approximately $122,000. Saxon Interests Inc. purchased a new position in Aris Water Solutions during the first quarter valued at approximately $142,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Aris Water Solutions during the third quarter valued at approximately $145,000. Institutional investors own 39.71% of the company’s stock.

Aris Water Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Thursday, March 7th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a yield of 2.62%. Aris Water Solutions’s dividend payout ratio is presently 60.00%.

Aris Water Solutions Company Profile

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.