York Water Co (YORW) Expected to Post Earnings of $0.25 Per Share

Equities analysts predict that York Water Co (NASDAQ:YORW) will report $0.25 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for York Water’s earnings. York Water posted earnings of $0.27 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7.4%. The business is scheduled to announce its next earnings report on Tuesday, March 5th.

According to Zacks, analysts expect that York Water will report full-year earnings of $1.00 per share for the current financial year. For the next year, analysts expect that the firm will report earnings of $1.16 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow York Water.

York Water (NASDAQ:YORW) last released its quarterly earnings data on Friday, November 2nd. The utilities provider reported $0.29 EPS for the quarter, hitting analysts’ consensus estimates of $0.29. The company had revenue of $12.70 million during the quarter, compared to the consensus estimate of $12.44 million. York Water had a net margin of 27.15% and a return on equity of 10.88%.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of York Water from a “sell” rating to a “strong sell” rating in a report on Friday, September 21st. ValuEngine raised shares of York Water from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Finally, Boenning Scattergood reaffirmed an “outperform” rating on shares of York Water in a report on Thursday, October 11th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. York Water presently has an average rating of “Buy” and an average price target of $37.00.

A number of hedge funds have recently made changes to their positions in YORW. Cutler Group LP lifted its holdings in York Water by 214.5% during the 3rd quarter. Cutler Group LP now owns 5,494 shares of the utilities provider’s stock valued at $168,000 after purchasing an additional 3,747 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in York Water by 41.1% during the 1st quarter. JPMorgan Chase & Co. now owns 6,586 shares of the utilities provider’s stock valued at $204,000 after purchasing an additional 1,918 shares during the last quarter. Sowell Financial Services LLC bought a new position in York Water during the 3rd quarter valued at about $225,000. MetLife Investment Advisors LLC lifted its holdings in York Water by 48.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,953 shares of the utilities provider’s stock valued at $303,000 after purchasing an additional 3,258 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in York Water by 22.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 10,157 shares of the utilities provider’s stock valued at $323,000 after purchasing an additional 1,833 shares during the last quarter. 35.09% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:YORW traded up $0.38 during midday trading on Monday, reaching $33.12. 24,207 shares of the company’s stock were exchanged, compared to its average volume of 13,120. The company has a market capitalization of $423.39 million, a price-to-earnings ratio of 32.79 and a beta of 0.20. York Water has a 12 month low of $27.45 and a 12 month high of $39.00. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.38 and a current ratio of 0.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.173 per share. This represents a $0.69 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from York Water’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Friday, December 28th. York Water’s dividend payout ratio (DPR) is presently 66.34%.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It also owns and operates three wastewater collection systems and two wastewater treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which together hold up to approximately 2.2 billion gallons of water.

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Earnings History and Estimates for York Water (NASDAQ:YORW)

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