York Water (NASDAQ:YORW) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

York Water (NASDAQ:YORW) issued its quarterly earnings results on Tuesday. The utilities provider reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01), Zacks reports. The company had revenue of $18.87 million for the quarter, compared to analysts’ expectations of $19.00 million. York Water had a return on equity of 9.44% and a net margin of 28.57%.

York Water Stock Down 0.4 %

Shares of York Water stock opened at $33.43 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.88 and a debt-to-equity ratio of 0.87. York Water has a 52-week low of $29.86 and a 52-week high of $41.96. The company has a market capitalization of $480.52 million, a P/E ratio of 22.59 and a beta of 0.64. The company has a 50 day moving average of $31.96 and a 200 day moving average of $35.01.

York Water Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Friday, February 28th will be paid a dividend of $0.2192 per share. The ex-dividend date is Friday, February 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.62%. York Water’s payout ratio is 58.78%.

York Water Company Profile

The York Water Company impounds, purifies, and distributes drinking water. It owns and operates three wastewater collection systems; ten wastewater collection and treatment systems; and two reservoirs, including Lake Williams and Lake Redman, which hold approximately 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman; and owns satellite groundwater systems in York, Adams, and Lancaster Counties, as well as two impounding dams on primary system located in York and Springfield Townships.