Energy Services of America (NASDAQ:ESOA) Posts Earnings Results, Beats Expectations By $0.28 EPS

Energy Services of America (NASDAQ:ESOA) released its quarterly earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.28, Zacks reports.

Energy Services of America Trading Down 4.8 %

Shares of ESOA stock opened at $17.90 on Wednesday. Energy Services of America has a 1 year low of $4.11 and a 1 year high of $19.83. The firm’s 50 day moving average is $13.14 and its 200-day moving average is $9.98.

Energy Services of America Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a $0.03 dividend. The ex-dividend date is Friday, December 13th. This is an increase from Energy Services of America’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.67%. Energy Services of America’s payout ratio is currently 16.39%.

Insider Activity at Energy Services of America

In other news, Director Jack M. Reynolds sold 25,000 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $10.30, for a total transaction of $257,500.00. Following the transaction, the director now owns 408,385 shares of the company’s stock, valued at $4,206,365.50. This represents a 5.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 44.68% of the stock is currently owned by company insiders.

About Energy Services of America

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.