Energy Services of America (NASDAQ:ESOA) Announces Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Energy Services of America (NASDAQ:ESOA) posted its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.28, Zacks reports.

Energy Services of America Stock Performance

Shares of NASDAQ ESOA opened at $17.50 on Monday. The stock’s 50-day moving average is $12.96 and its two-hundred day moving average is $9.90. Energy Services of America has a 1-year low of $4.11 and a 1-year high of $18.05.

Energy Services of America Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.03 per share. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, December 13th. This represents a $0.12 annualized dividend and a yield of 0.69%. Energy Services of America’s dividend payout ratio is 16.39%.

Insiders Place Their Bets

In other news, Director Jack M. Reynolds sold 25,000 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $10.30, for a total value of $257,500.00. Following the transaction, the director now owns 408,385 shares in the company, valued at approximately $4,206,365.50. This represents a 5.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Samuel G. Kapourales sold 50,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $10.10, for a total value of $505,000.00. Following the completion of the transaction, the director now owns 714,191 shares in the company, valued at approximately $7,213,329.10. The trade was a 6.54 % decrease in their position. The disclosure for this sale can be found here. 44.68% of the stock is owned by company insiders.

Energy Services of America Company Profile

Energy Services of America Corporation, together with its subsidiaries, provides contracting services for utilities and energy related companies in the United States. The company constructs, replaces, and repairs interstate and intrastate natural gas pipelines and storage facilities for utility companies and private natural gas companies; and provides services relating to pipeline, storage facilities, and plant works.