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

Artesian Resources (NASDAQ:ARTNA) posted its quarterly earnings results on Monday. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.01, Yahoo Finance reports. The firm had revenue of $24.54 million during the quarter, compared to analysts’ expectations of $24.00 million. Artesian Resources had a net margin of 16.89% and a return on equity of 7.62%.

Artesian Resources Trading Up 3.2 %

Shares of Artesian Resources stock opened at $38.27 on Wednesday. Artesian Resources has a 12-month low of $33.42 and a 12-month high of $55.98. The company has a current ratio of 1.37, a quick ratio of 1.10 and a debt-to-equity ratio of 0.77. The stock has a market cap of $393.80 million, a PE ratio of 23.05 and a beta of 0.20. The company has a 50-day moving average of $35.63 and a two-hundred day moving average of $38.26.

Analyst Ratings Changes

ARTNA has been the subject of several analyst reports. TheStreet cut shares of Artesian Resources from a “b-” rating to a “c+” rating in a report on Monday, February 5th. StockNews.com raised shares of Artesian Resources from a “sell” rating to a “hold” rating in a report on Thursday, April 18th.

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.