American States Water (AWR) Projected to Post Earnings on Wednesday

American States Water (NYSE:AWR) is expected to be releasing its earnings data after the market closes on Wednesday, February 19th. Analysts expect American States Water to post earnings of $0.64 per share and revenue of $160.17 million for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

American States Water Trading Down 1.3 %

Shares of American States Water stock opened at $74.11 on Monday. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 24.95, a PEG ratio of 12.59 and a beta of 0.53. The business has a 50-day moving average price of $76.04 and a 200-day moving average price of $80.73. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.86. American States Water has a twelve month low of $66.03 and a twelve month high of $87.50.

American States Water Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Tuesday, February 18th will be given a dividend of $0.4655 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.86 dividend on an annualized basis and a dividend yield of 2.51%. American States Water’s payout ratio is 62.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AWR. Bank of America lowered American States Water from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $85.00 to $71.00 in a research report on Monday, February 3rd. Wells Fargo & Company downgraded shares of American States Water from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $84.00 to $77.00 in a report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of American States Water from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

American States Water Company Profile

American States Water Company, through its subsidiaries, provides water and electric services to residential, commercial, industrial, and other customers in the United States. It operates through three segments: Water, Electric, and Contracted Services. The company purchases, produces, distributes, and sells water, as well as distributes electricity.