Artesian Resources (NASDAQ:ARTNA) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Artesian Resources (NASDAQ:ARTNA) issued its earnings results on Tuesday. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01, Zacks reports. The company had revenue of $25.00 million for the quarter, compared to analysts’ expectations of $25.00 million. Artesian Resources had a net margin of 18.96% and a return on equity of 8.57%.

Artesian Resources Stock Performance

Shares of NASDAQ ARTNA opened at $30.83 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74. Artesian Resources has a 12-month low of $29.45 and a 12-month high of $41.29. The firm has a market capitalization of $317.49 million, a price-to-earnings ratio of 15.81 and a beta of 0.19. The firm has a 50 day moving average of $31.43 and a 200 day moving average of $33.35.

Artesian Resources Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a $0.3014 dividend. This is an increase from Artesian Resources’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 3.91%. Artesian Resources’s dividend payout ratio (DPR) is presently 61.54%.

About Artesian Resources

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware.