Artesian Resources (ARTNA) to Release Earnings on Monday

Artesian Resources (NASDAQ:ARTNA - Get Free Report) is expected to be announcing its earnings results before the market opens on Monday, May 5th. Analysts expect Artesian Resources to post earnings of $0.35 per share and revenue of $25.00 million for the quarter.

Artesian Resources (NASDAQ:ARTNA - Get Free Report) last issued its quarterly earnings results on Tuesday, March 25th. The utilities provider reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $25.00 million during the quarter, compared to analyst estimates of $25.00 million. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%. On average, analysts expect Artesian Resources to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Artesian Resources Trading Down 2.1 %

ARTNA traded down $0.75 during mid-day trading on Friday, reaching $34.65. The stock had a trading volume of 27,121 shares, compared to its average volume of 50,560. The firm's fifty day simple moving average is $32.92 and its two-hundred day simple moving average is $32.73. The stock has a market capitalization of $357.00 million, a P/E ratio of 17.77 and a beta of 0.36. Artesian Resources has a 52 week low of $29.45 and a 52 week high of $41.29. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.07 and a current ratio of 1.22.

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.