American States Water Co (AWR) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.45 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.44. The company posted revenue of $111.95 million in the period, compared to analysts expectations of $113.01 million. The company’s revenue was down -2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on American States Water Co. American States Water Co was Upgraded by Ladenburg Thalmann to ” Neutral” on May 11, 2016.
American States Water Co closed down -0.59 points or -1.36% at $42.89 with 84,926 shares getting traded on Tusday. Post opening the session at $43.46, the shares hit an intraday low of $42.84 and an intraday high of $43.57 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Aug 2, 2016, Denise L Kruger (Sr. Vice President) sold 500 shares at $43.11 per share price. According to the SEC, on Jul 7, 2016, Robert J Sprowls (President & CEO) sold 4,342 shares at $44.00 per share price. On Jun 6, 2016, Lloyd E Ross (director) sold 500 shares at $40.49 per share price, according to the Form-4 filing with the securities and exchange commission.
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services Inc. (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS) Terrapin Utility Services Inc. (TUS) Old Dominion Utility Services Inc. (ODUS) Palmetto State Utility Services Inc. (PSUS) and Old North Utility Services Inc. (ONUS)). The Company operates in three segments: water electric and contracted services. Within the segments AWR has two business units water and electric service utility operations conducted through GSWC and contracted services conducted through ASUS and its subsidiaries. FBWS TUS ODUS PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase production and distribution of water in 75 communities in 10 counties in the State of California.