Research Analysts Set Expectations for Aris Water Solutions, Inc.'s Q2 2024 Earnings (NYSE:ARIS)

Aris Water Solutions, Inc. (NYSE:ARIS - Free Report) - Analysts at US Capital Advisors raised their Q2 2024 earnings per share (EPS) estimates for Aris Water Solutions in a research note issued to investors on Monday, April 29th. US Capital Advisors analyst J. Carreker now forecasts that the company will post earnings per share of $0.28 for the quarter, up from their prior estimate of $0.27. The consensus estimate for Aris Water Solutions' current full-year earnings is $0.96 per share. US Capital Advisors also issued estimates for Aris Water Solutions' Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.33 EPS, FY2024 earnings at $1.19 EPS, Q1 2025 earnings at $0.27 EPS, Q2 2025 earnings at $0.29 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $1.24 EPS and FY2026 earnings at $1.34 EPS.

Aris Water Solutions (NYSE:ARIS - Get Free Report) last announced its earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.02). The company had revenue of $104.13 million during the quarter, compared to the consensus estimate of $97.65 million. Aris Water Solutions had a return on equity of 4.06% and a net margin of 4.82%.

Other analysts have also issued reports about the company. Citigroup lifted their price objective on Aris Water Solutions from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Monday, March 4th. The Goldman Sachs Group upped their target price on shares of Aris Water Solutions from $14.50 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. TheStreet raised Aris Water Solutions from a "d+" rating to a "c-" rating in a research note on Wednesday, March 13th. Finally, Wells Fargo & Company increased their target price on Aris Water Solutions from $9.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.25.

Aris Water Solutions Trading Down 2.0 %

NYSE:ARIS traded down $0.28 during trading hours on Wednesday, hitting $13.75. 266,257 shares of the stock were exchanged, compared to its average volume of 281,753. The company has a market capitalization of $794.68 million, a P/E ratio of 22.85 and a beta of 1.68. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.61. The company's 50 day moving average is $13.23 and its two-hundred day moving average is $10.11. Aris Water Solutions has a twelve month low of $6.78 and a twelve month high of $15.31.

Aris Water Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were paid a dividend of $0.09 per share. The ex-dividend date was Wednesday, March 6th. This represents a $0.36 dividend on an annualized basis and a yield of 2.62%. Aris Water Solutions's payout ratio is 60.00%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Saxon Interests Inc. bought a new stake in Aris Water Solutions during the 1st quarter worth about $142,000. Bridge City Capital LLC lifted its holdings in Aris Water Solutions by 3.4% during the 1st quarter. Bridge City Capital LLC now owns 171,730 shares of the company's stock valued at $2,430,000 after purchasing an additional 5,708 shares during the last quarter. Inscription Capital LLC bought a new position in Aris Water Solutions during the first quarter worth $212,000. Los Angeles Capital Management LLC increased its holdings in shares of Aris Water Solutions by 121.5% in the first quarter. Los Angeles Capital Management LLC now owns 77,046 shares of the company's stock valued at $1,090,000 after purchasing an additional 42,256 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Aris Water Solutions by 2.2% in the fourth quarter. Wellington Management Group LLP now owns 1,290,231 shares of the company's stock valued at $10,825,000 after purchasing an additional 27,988 shares during the period. Institutional investors own 39.71% of the company's stock.

About Aris Water Solutions

Aris Water Solutions, Inc, an environmental infrastructure and solutions company, provides water handling and recycling solutions. The company's produced water handling business gathers, transports, unless recycled, and handles produced water generated from oil and natural gas production. Its water solutions business develops and operates recycling facilities to treat, store, and recycle produced water.