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

Artesian Resources (NASDAQ:ARTNA) released its earnings results on Monday. The utilities provider reported $0.43 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 for the quarter, compared to the consensus estimate of $24.00 million. Artesian Resources had a net margin of 16.89% and a return on equity of 7.62%.

Artesian Resources Stock Up 3.2 %

Shares of NASDAQ ARTNA opened at $38.27 on Wednesday. The stock has a 50 day moving average price of $35.63 and a 200 day moving average price of $38.26. The firm has a market capitalization of $393.80 million, a price-to-earnings ratio of 23.05 and a beta of 0.20. Artesian Resources has a 52-week low of $33.42 and a 52-week high of $55.98. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.10 and a current ratio of 1.37.

Wall Street Analyst Weigh In

ARTNA has been the topic of several recent research reports. TheStreet cut 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 research note on Thursday, April 18th.

Artesian Resources Company Profile

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.