Artesian Resources (NASDAQ:ARTNA – Get Free Report) released its quarterly earnings data on Monday. The utilities provider reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05, Zacks reports. Artesian Resources had a net margin of 17.74% and a return on equity of 7.90%. The company had revenue of $29.14 million during the quarter, compared to the consensus estimate of $29.00 million.
Artesian Resources Stock Up 0.8 %
ARTNA stock opened at $36.38 on Thursday. The stock has a 50-day simple moving average of $36.05 and a two-hundred day simple moving average of $36.72. Artesian Resources has a twelve month low of $32.93 and a twelve month high of $44.78. The firm has a market capitalization of $374.57 million, a PE ratio of 18.66 and a beta of 0.21. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 0.76.
Artesian Resources Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 15th will be issued a dividend of $0.301 per share. This is a boost from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 3.31%. Artesian Resources’s dividend payout ratio is 60.51%.
About Artesian Resources
Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.
Read More
- Five stocks we like better than Artesian Resources
- When to Sell a Stock for Profit or Loss
- Hunting for High-Yield Bargains? 2 REITs to Consider
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Fiserv Is Up 50% This Year and Can Go Another 50% Higher
- What Are the U.K. Market Holidays? How to Invest and Trade
- Monster Beverage Is a Scary Good Deal at Current Levels
Receive News & Ratings for Artesian Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources and related companies with MarketBeat.com's FREE daily email newsletter.