Artesian Resources (NASDAQ:ARTNA – Get Free Report) announced its quarterly earnings data on Monday. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05, Zacks reports. The company had revenue of $29.14 million for the quarter, compared to analyst estimates of $29.00 million. Artesian Resources had a return on equity of 7.90% and a net margin of 17.74%.
Artesian Resources Price Performance
NASDAQ ARTNA traded up $0.30 during mid-day trading on Wednesday, hitting $36.38. The stock had a trading volume of 21,010 shares, compared to its average volume of 50,089. The company has a 50 day simple moving average of $36.04 and a 200 day simple moving average of $36.72. The company has a quick ratio of 1.09, a current ratio of 1.30 and a debt-to-equity ratio of 0.76. The company has a market cap of $374.57 million, a price-to-earnings ratio of 18.78 and a beta of 0.21. Artesian Resources has a 52-week low of $32.93 and a 52-week high of $44.78.
Artesian Resources Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, November 25th. Stockholders of record on Friday, November 15th will be given a dividend of $0.301 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.31%. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date is Friday, November 15th. Artesian Resources’s dividend payout ratio (DPR) is presently 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.
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