York Water (NASDAQ:YORW) Releases Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• York Water reported Q earnings of $0.33 per share, beating estimates by $0.02, while revenue of $20.07 million slightly missed analysts' $20.29 million forecast.
• CEO Joseph Thomas Hand bought 1,052 shares at $28.50, increasing his stake to 41,332 shares (a 2.61% rise), and insiders were net buyers in the quarter.
• Shares traded at $29.45 (up $0.31) with a market cap of $477 million and a P/E of 21.2, trading below its 50‑ and 200‑day moving averages; consensus analyst rating is Hold after a recent upgrade.

York Water (NASDAQ:YORW - Get Free Report) released its earnings results on Tuesday. The utilities provider reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.02, Zacks reports. The company had revenue of $20.07 million for the quarter, compared to analysts' expectations of $20.29 million. York Water had a return on equity of 8.49% and a net margin of 25.89%.

York Water Price Performance

Shares of YORW stock traded up $0.31 during trading hours on Tuesday, reaching $29.45. 42,201 shares of the company were exchanged, compared to its average volume of 132,983. The stock's fifty day moving average is $31.20 and its two-hundred day moving average is $32.06. York Water has a fifty-two week low of $28.26 and a fifty-two week high of $35.26. The company has a market cap of $477.15 million, a price-to-earnings ratio of 21.21 and a beta of 0.60. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.67 and a quick ratio of 0.55.

Insider Buying and Selling at York Water

In related news, CEO Joseph Thomas Hand purchased 1,052 shares of the stock in a transaction that occurred on Thursday, April 16th. The stock was acquired at an average cost of $28.50 per share, with a total value of $29,982.00. Following the transaction, the chief executive officer owned 41,332 shares of the company's stock, valued at $1,177,962. This represents a 2.61% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have bought 1,556 shares of company stock valued at $44,590. Corporate insiders own 0.50% of the company's stock.

Institutional Trading of York Water

A number of institutional investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in York Water by 4.0% during the second quarter. Ameriprise Financial Inc. now owns 8,572 shares of the utilities provider's stock valued at $271,000 after buying an additional 327 shares during the period. Cullen Capital Management LLC raised its position in York Water by 3.8% in the 4th quarter. Cullen Capital Management LLC now owns 10,868 shares of the utilities provider's stock valued at $346,000 after purchasing an additional 393 shares during the last quarter. Janney Montgomery Scott LLC raised its position in York Water by 4.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 10,676 shares of the utilities provider's stock valued at $340,000 after purchasing an additional 487 shares during the last quarter. Tower Research Capital LLC TRC raised its position in York Water by 86.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,411 shares of the utilities provider's stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in York Water by 6.0% during the 3rd quarter. Merit Financial Group LLC now owns 13,218 shares of the utilities provider's stock valued at $402,000 after acquiring an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 49.86% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded York Water from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold".

York Water Company Profile

York Water Company NASDAQ: YORW is an investor-owned regulated water utility headquartered in York, Pennsylvania. Founded in 1816, it is the oldest publicly traded water utility in the United States. The company's principal operations involve the collection, treatment and distribution of potable water to residential, commercial and industrial customers under rate schedules approved by the Pennsylvania Public Utility Commission.

York Water Company's service territory covers portions of south-central Pennsylvania, including York County and neighboring Adams and Franklin counties.

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