Artesian Resources - ARTNA Stock Forecast, Price & News

Artesian Resources' stock was trading at $58.58 at the beginning of the year. Since then, ARTNA shares have decreased by 12.1% and is now trading at $51.52.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ARTNA earnings forecast.

Artesian Resources Co. (NASDAQ:ARTNA) issued its quarterly earnings results on Tuesday, November, 2nd. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.04. The utilities provider had revenue of $24.99 million for the quarter, compared to analyst estimates of $24 million. Artesian Resources had a trailing twelve-month return on equity of 9.76% and a net margin of 18.20%.

Artesian Resources announced a quarterly dividend on Wednesday, January 25th. Stockholders of record on Thursday, February 9th will be given a dividend of $0.278 per share on Thursday, February 23rd. This represents a $1.11 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, February 8th.
Read our dividend analysis for ARTNA.

ETFs with the largest weight of Artesian Resources (NASDAQ:ARTNA) stock in their portfolio include iShares U.S. Infrastructure ETF (IFRA), First Trust Dow Jones Select Microcap Index Fund (FDM), Invesco Water Resources ETF (PHO) and Fidelity MSCI Utilities Index ETF (FUTY) and

Artesian Resources (NASDAQ:ARTNA) pays an annual dividend of $1.11 per share and currently has a dividend yield of 2.13%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 58.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ARTNA will have a dividend payout ratio of 51.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARTNA.

7 employees have rated Artesian Resources Chief Executive Officer Dian C. Taylor on Glassdoor.com. Dian C. Taylor has an approval rating of 48% among the company's employees. This puts Dian C. Taylor in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 46.0% of employees surveyed would recommend working at Artesian Resources to a friend.

Artesian Resources trades on the NASDAQ under the ticker symbol "ARTNA."

Artesian Resources' stock is owned by many different institutional and retail investors. Top institutional investors include T. Rowe Price Investment Management Inc. (4.28%), Renaissance Technologies LLC (3.13%), Dimensional Fund Advisors LP (2.54%), Morgan Stanley (2.48%), Costello Asset Management INC (2.08%) and First Manhattan Co. (1.56%). Insiders that own company stock include Dian C Taylor, Dian C Taylor, John R Eisenbrey Jr, Kenneth R Biederman, Nicholle Renee Taylor and Pierre A Anderson.
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Shares of ARTNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARTNA stock can currently be purchased for approximately $51.52.

Artesian Resources (NASDAQ:ARTNA) has a market capitalization of $489.44 million and generates $98.90 million in revenue each year. The utilities provider earns $18 million in net income (profit) each year or $1.89 on an earnings per share basis.

The company employs 245 workers across the globe.

Artesian Resources' mailing address is 664 CHURCHMANS RD, NEWARK DE, 19702. The official website for the company is www.artesianwater.com. The utilities provider can be reached via phone at (302) 453-6900, via email at ntaylor@artesianwater.com, or via fax at 302-453-6957.