Artesian Resources (ARTNA) to Release Quarterly Earnings on Wednesday

Artesian Resources (NASDAQ:ARTNA) is expected to announce its earnings results before the market opens on Wednesday, March 12th. Analysts expect the company to announce earnings of $0.36 per share and revenue of $25.00 million for the quarter.

Artesian Resources Stock Up 0.1 %

Shares of NASDAQ ARTNA opened at $32.07 on Wednesday. The firm has a market cap of $330.26 million, a PE ratio of 16.45 and a beta of 0.23. Artesian Resources has a 12-month low of $29.45 and a 12-month high of $41.29. The company’s fifty day simple moving average is $31.13 and its 200 day simple moving average is $33.79. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.74.

Artesian Resources Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.3014 per share. The ex-dividend date of this dividend was Friday, February 7th. This is a positive change from Artesian Resources’s previous quarterly dividend of $0.30. This represents a $1.21 annualized dividend and a yield of 3.76%. Artesian Resources’s dividend payout ratio is currently 61.54%.

About Artesian Resources

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.