American States Water Company (NYSE:AWR) is set to announce third quarter earning results on Monday 2nd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, AWR to report 3Q20 income of $ 0.75 per share.
For the full year, analysts anticipate top line of $ 483.37 million, while looking forward to income of $ 2.29 per share bottom line.
Previous Quarter Performance
American States Water Company outlined income for the second quarter of $ 0.69 per share, from the revenue of $ 121.28 million. The quarterly earnings 7.81 percent while revenues shrunk 2.70 percent compared with the same quarter last year. The top line results fell short of analysts by $ 16.84 million or 12.19 percent.
Stock Performance
On Friday, shares of American States Water Company has traded high as $ 76.36 and has cracked $ 74.39 on the downward trend, reaching $ 74.69 with volume of 528.70 thousand shares.
According to the previous trading day, closing price of $ 74.69, representing a 16.48 % increase from the 52 week low of $ 65.11 and a 21.52 % decrease over the 52 week high of $ 96.64.
The company has a market capital of $ 2.75 billion and is part of the Utilities sector and Utilities – Regulated Water industry.
Recent Analyst recommendations
- On 21st September 2020, upgraded by Wells Fargo & Co to Overweight from Equal-Weight rating.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.335 per share to holders of record as of the close of business on August 17, 2020, with payment date of September 1, 2020 and ex-dividend date on August 14, 2020.
American States Water Company, through its subsidiaries, provides water and electric services to residential, 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.
