What is Seaport Res Ptn's Estimate for AWR FY2027 Earnings?

Key Points

• Seaport Res Ptn has lowered its FY2027 earnings estimate for American States Water Company from $3.78 to $3.74 per share, contrasting with the current consensus estimate of $3.34.
• American States Water recently reported $0.70 EPS for the latest quarter, aligning with expectations, and achieved revenues of $148.01 million, surpassing analyst predictions.
• Wells Fargo upgraded American States Water's rating to "equal weight" and raised its price target from $76.00 to $84.00, indicating positive sentiment towards the company's stock performance.

American States Water Company (NYSE:AWR - Free Report) - Research analysts at Seaport Res Ptn dropped their FY2027 earnings estimates for shares of American States Water in a research note issued to investors on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now forecasts that the utilities provider will earn $3.74 per share for the year, down from their previous estimate of $3.78. The consensus estimate for American States Water's current full-year earnings is $3.34 per share.

American States Water (NYSE:AWR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The utilities provider reported $0.70 earnings per share for the quarter, hitting the consensus estimate of $0.70. American States Water had a net margin of 20.22% and a return on equity of 13.45%. The company had revenue of $148.01 million for the quarter, compared to the consensus estimate of $142.00 million. During the same quarter in the prior year, the company earned $0.62 EPS. American States Water's quarterly revenue was up 9.4% on a year-over-year basis.

Separately, Wells Fargo & Company upgraded American States Water from an "underweight" rating to an "equal weight" rating and upped their price objective for the stock from $76.00 to $84.00 in a research report on Thursday, May 8th.

American States Water Stock Performance

NYSE:AWR traded up $1.22 during midday trading on Wednesday, hitting $74.81. The company's stock had a trading volume of 299,788 shares, compared to its average volume of 255,662. American States Water has a fifty-two week low of $70.29 and a fifty-two week high of $87.50. The firm's 50 day moving average is $76.72 and its 200-day moving average is $76.89. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.76. The firm has a market cap of $2.88 billion, a P/E ratio of 23.02, a P/E/G ratio of 4.02 and a beta of 0.62.

American States Water Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Friday, August 15th will be given a $0.504 dividend. The ex-dividend date is Friday, August 15th. This represents a $2.02 annualized dividend and a yield of 2.7%. This is a boost from American States Water's previous quarterly dividend of $0.47. American States Water's payout ratio is currently 57.23%.

Insider Buying and Selling

In related news, Director Thomas A. Eichelberger acquired 897 shares of the stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $76.81 per share, for a total transaction of $68,898.57. Following the transaction, the director owned 8,467 shares in the company, valued at approximately $650,350.27. This trade represents a 11.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.83% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AWR. Public Employees Retirement System of Ohio purchased a new position in shares of American States Water during the 4th quarter valued at approximately $26,000. Federated Hermes Inc. lifted its position in shares of American States Water by 92.5% during the 4th quarter. Federated Hermes Inc. now owns 439 shares of the utilities provider's stock valued at $34,000 after buying an additional 211 shares in the last quarter. Sterling Capital Management LLC lifted its position in shares of American States Water by 607.8% during the 4th quarter. Sterling Capital Management LLC now owns 545 shares of the utilities provider's stock valued at $42,000 after buying an additional 468 shares in the last quarter. Golden State Wealth Management LLC lifted its position in shares of American States Water by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 760 shares of the utilities provider's stock valued at $60,000 after buying an additional 380 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of American States Water during the 4th quarter valued at approximately $65,000. Hedge funds and other institutional investors own 75.24% of the company's stock.

About American States Water

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.