York Water (NASDAQ:YORW) Releases Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• York Water exceeded quarterly expectations: The utility reported EPS of $0.49, beating the $0.40 consensus by $0.09, while revenue reached $23.52 million versus expectations of $22.18 million. Net margin was 26.84% and return on equity was 8.89%.
• Shares rose 2.6% to $31.61 following the results. The stock has traded between $28.26 and $34.30 over the past year and carries a market capitalization of approximately $512 million.
• Analysts and institutions remain cautious: Weiss Ratings upgraded the stock from “hold (c-)” to “hold (c),” while the broader analyst consensus remains Hold. Institutional investors own nearly 50% of York Water’s shares.

York Water (NASDAQ:YORW - Get Free Report) posted its earnings results on Thursday. The utilities provider reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.09, FiscalAI reports. York Water had a return on equity of 8.89% and a net margin of 26.84%.The company had revenue of $23.52 million for the quarter, compared to analysts' expectations of $22.18 million.

York Water Trading Up 2.6%

Shares of NASDAQ:YORW traded up $0.79 on Thursday, hitting $31.61. The company had a trading volume of 150,251 shares, compared to its average volume of 139,443. The firm's 50-day simple moving average is $30.49 and its two-hundred day simple moving average is $31.07. The firm has a market capitalization of $512.37 million, a price-to-earnings ratio of 21.50 and a beta of 0.60. The company has a quick ratio of 0.60, a current ratio of 0.72 and a debt-to-equity ratio of 0.94. York Water has a 1 year low of $28.26 and a 1 year high of $34.30.

Hedge Funds Weigh In On York Water

A number of institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV grew its holdings in shares of York Water by 25.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 9,669 shares of the utilities provider's stock worth $308,000 after acquiring an additional 1,938 shares during the period. Odyssean LLC purchased a new position in shares of York Water in the 4th quarter valued at approximately $392,000. AQR Capital Management LLC boosted its position in shares of York Water by 23.2% during the fourth quarter. AQR Capital Management LLC now owns 108,245 shares of the utilities provider's stock valued at $3,447,000 after purchasing an additional 20,371 shares in the last quarter. Cetera Investment Advisers purchased a new stake in York Water in the fourth quarter worth $262,000. Finally, Price T Rowe Associates Inc. MD grew its stake in York Water by 13.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 8,609 shares of the utilities provider's stock worth $275,000 after purchasing an additional 1,035 shares during the period. 49.86% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised York Water from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently 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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