Artesian Resources (NASDAQ:ARTNA) Issues Earnings Results

Artesian Resources (NASDAQ:ARTNA) announced its quarterly earnings data on Monday. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05, Zacks reports. Artesian Resources had a return on equity of 7.90% and a net margin of 17.74%. The business had revenue of $29.14 million for the quarter, compared to analyst estimates of $29.00 million.

Artesian Resources Stock Performance

NASDAQ ARTNA traded up $0.32 on Tuesday, hitting $33.60. 12,485 shares of the company’s stock traded hands, compared to its average volume of 50,019. The firm has a market capitalization of $346.08 million, a PE ratio of 18.70 and a beta of 0.21. Artesian Resources has a 1-year low of $32.93 and a 1-year high of $44.78. The firm’s 50-day moving average price is $36.09 and its two-hundred day moving average price is $36.72. The company has a current ratio of 1.30, a quick ratio of 1.09 and a debt-to-equity ratio of 0.76.

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.