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

York Water (NASDAQ:YORW) released its quarterly earnings results on Tuesday. The utilities provider reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01), Zacks reports. York Water had a net margin of 28.57% and a return on equity of 9.44%.

York Water Trading Up 1.4 %

Shares of York Water stock traded up $0.47 on Tuesday, reaching $33.89. The company had a trading volume of 21,529 shares, compared to its average volume of 61,588. The firm has a market cap of $487.13 million, a price-to-earnings ratio of 22.88 and a beta of 0.64. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.88 and a quick ratio of 0.68. The firm’s 50-day moving average price is $31.95 and its two-hundred day moving average price is $35.05. York Water has a 1 year low of $29.86 and a 1 year high of $41.96.

York Water Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Friday, February 28th will be given 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 yield of 2.59%. York Water’s dividend payout ratio (DPR) is presently 58.78%.

About York Water

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.