Artesian Resources Corporation (NASDAQ:ARTNA) will be posting its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Artesian Resources Corporation to post earnings of $0.38 per share for the quarter.
Artesian Resources Corporation (NASDAQ:ARTNA) last posted its earnings results on Wednesday, May 3rd. The utilities provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by $0.01. The firm had revenue of $19.19 million for the quarter. Artesian Resources Corporation had a return on equity of 9.59% and a net margin of 16.55%. On average, analysts expect Artesian Resources Corporation to post $1.49 EPS for the current fiscal year and $1.59 EPS for the next fiscal year.
Shares of Artesian Resources Corporation (NASDAQ ARTNA) opened at 38.06 on Tuesday. The stock’s 50 day moving average is $38.49 and its 200-day moving average is $35.07. Artesian Resources Corporation has a 12-month low of $26.28 and a 12-month high of $41.90. The stock has a market capitalization of $348.06 million, a price-to-earnings ratio of 26.43 and a beta of 0.09.
ARTNA has been the topic of several analyst reports. Hilliard Lyons downgraded shares of Artesian Resources Corporation from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Thursday, May 4th. Zacks Investment Research downgraded shares of Artesian Resources Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th.
In other Artesian Resources Corporation news, Director Kenneth R. Biederman sold 1,000 shares of the business’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $36.00, for a total value of $36,000.00. Following the completion of the sale, the director now directly owns 19,875 shares of the company’s stock, valued at approximately $715,500. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John R. Eisenbrey, Jr. sold 13,500 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $40.59, for a total transaction of $547,965.00. Following the completion of the sale, the director now directly owns 54,501 shares of the company’s stock, valued at $2,212,195.59. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,905 shares of company stock valued at $1,075,757. 20.59% of the stock is owned by corporate insiders.
Artesian Resources Corporation Company Profile
Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.
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