American States Water (AWR) Scheduled to Post Earnings on Wednesday

American States Water (NYSE:AWR) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect American States Water to post earnings of $0.99 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

American States Water (NYSE:AWR) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.02). American States Water had a net margin of 18.85% and a return on equity of 13.45%. The business had revenue of $155.30 million during the quarter, compared to analyst estimates of $138.00 million. During the same period in the previous year, the firm posted $0.83 EPS. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect American States Water to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

American States Water Stock Performance

NYSE:AWR opened at $82.48 on Tuesday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.92. The firm’s fifty day simple moving average is $82.99 and its 200 day simple moving average is $78.29. The firm has a market capitalization of $3.09 billion, a PE ratio of 28.74, a PEG ratio of 4.27 and a beta of 0.49. American States Water has a 1 year low of $66.03 and a 1 year high of $87.50.

American States Water Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a $0.4655 dividend. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date is Friday, November 15th. American States Water’s dividend payout ratio is 64.81%.

Analysts Set New Price Targets

Several research firms have weighed in on AWR. Wells Fargo & Company upgraded shares of American States Water from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $80.00 to $87.00 in a research report on Wednesday, July 31st. StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a research report on Wednesday, September 25th.

Insider Buying and Selling at American States Water

In other news, Director Anne M. Holloway sold 500 shares of American States Water stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $80.89, for a total transaction of $40,445.00. Following the transaction, the director now owns 38,519 shares in the company, valued at approximately $3,115,801.91. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.82% of the company’s stock.

About American States Water

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.