York Water (NASDAQ:YORW) Announces Earnings Results
York Water (NASDAQ:YORW) announced its quarterly earnings results on Thursday. The utilities provider reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03, Fidelity Earnings reports. The firm had revenue of $13.68 million for the quarter, compared to analysts’ expectations of $13.00 million. York Water had a return on equity of 11.06% and a net margin of 28.21%.
Shares of YORW stock opened at $41.77 on Friday. The stock has a market capitalization of $553.28 million, a PE ratio of 40.16 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.82 and a current ratio of 0.91. The stock’s fifty day moving average is $43.12 and its 200-day moving average is $37.72. York Water has a 52 week low of $29.88 and a 52 week high of $45.73.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.173 per share. This represents a $0.69 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, September 27th. York Water’s payout ratio is presently 66.35%.
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 hold approximately 2.2 billion gallons of water. In addition, the company has a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns seven wells that supply water to its customers in Carroll Valley Borough and Cumberland Township, Adams County.
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