NASDAQ:ARTNA - Get Free Report ) posted its quarterly earnings data on Monday. The utilities provider reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01, Yahoo Finance reports. Artesian Resources had a return on equity of 7.62% and a net margin of 16.89%. The firm had revenue of $24.54 million during the quarter, compared to the consensus estimate of $24.00 million.
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Artesian Resources Trading Up 3.2 % Shares of Artesian Resources stock traded up $1.20 during mid-day trading on Tuesday, hitting $38.27. 41,047 shares of the stock were exchanged, compared to its average volume of 36,015. The company has a 50-day simple moving average of $35.55 and a 200 day simple moving average of $38.27. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $393.80 million, a price-to-earnings ratio of 22.93 and a beta of 0.20. Artesian Resources has a twelve month low of $33.42 and a twelve month high of $55.98.
Wall Street Analyst Weigh In A number of brokerages have weighed in on ARTNA. StockNews.com raised Artesian Resources from a "sell" rating to a "hold" rating in a report on Thursday, April 18th. TheStreet downgraded Artesian Resources from a "b-" rating to a "c+" rating in a research note on Monday, February 5th.
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About Artesian Resources (
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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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