York Water (NASDAQ:YORW) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

York Water (NASDAQ:YORW) released its earnings results on Thursday. The utilities provider reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03, Fidelity Earnings reports. The company had revenue of $13.68 million during the quarter, compared to analysts’ expectations of $13.00 million. York Water had a return on equity of 11.06% and a net margin of 28.21%.

YORW traded up $0.16 during trading hours on Friday, hitting $41.77. 36,700 shares of the stock were exchanged, compared to its average volume of 23,673. The stock has a 50-day simple moving average of $43.09 and a 200-day simple moving average of $37.67. York Water has a 12 month low of $29.88 and a 12 month high of $45.73. The stock has a market cap of $553.28 million, a price-to-earnings ratio of 40.16 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.91 and a quick ratio of 0.82.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.173 per share. This represents a $0.69 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, September 27th. York Water’s dividend payout ratio (DPR) is presently 66.35%.

YORW has been the subject of several research analyst reports. ValuEngine cut York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research reiterated a “hold” rating on shares of York Water in a research note on Saturday, October 12th. Finally, BidaskClub cut York Water from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $39.50.

About York Water

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.

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Earnings History for York Water (NASDAQ:YORW)

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